Gail India, state-run gas utility firm, is in talks with gasrich Qatar to secure 3 million tonnes of LNG at a lower than the offered price of $14 per unit. In turn, the company will help Qatar Petroleum acquire 5% equity in the nation’s largest liquefied natural gas importer, Petronet LNG, by waiving its preemptive rights on Asian Development Bank’s stake. The state run firm is seeking a price of $12.5 per unit for LNG.
Earlier, it was reported that Indraprastha Gas is also keen to buy Asian Development Bank’s 5.2% stake in Petronet LNG. Petronet’s promoter firm’s IOC, ONGC, GAIL and BPCL were originally interested in buying ADB’s 5.2% stake but the firm’s management was opposed to it as it would have led to PSU holding crossing 50%, which would turn the LNG importer into a government entity.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: