Petronet LNG to take 26% stake in LNG shipping venture, Latest share price of Petronet LNG

Petronet LNG to take 26% stake in LNG shipping venture, Latest share price of Petronet LNG



Petronet LNG Ltd, India's biggest importer of liquefied natural gas, will take 26 per cent stake in a shipping venture planned to haul gas to its new terminal at Kochi in Kerala.

Petronet, which is building a 5 million tonne per annum capacity LNG import facility at Kochi, wants a 216,000 cubic meters capacity ship to haul liquid gas (LNG) from Gorgon, Australia. The vessel will be owned and operated by a shipping consortium, in which Petronet will pick up 26 per cent stake.

"We have decided to take 26 per cent stake in the LNG tanker we will time charter for 20 years," Petronet Director (Finance) R K Garg told PTI here.

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