Thursday 3 April 2014

Times of Oman | News :: Oman may buy stake in Petronet’s unit in India

Times of Oman | News :: Oman may buy stake in Petronet’s unit in India:



"Oman is considering buying a 10-15 per cent stake in Petronet LNG's proposed plant in India's east coast, Mohammed bin Hamad Al Rumhy, minister of oil and gas, said yesterday.



"We have not decided on (the) stake. It will be a small (stake) — may be 10-15 per cent," Rumhy said, adding the two sides had been engaged in talks for the past two months.



Petronet, which supplies liquefied natural gas (LNG), aims to build a 5 million tonne a year LNG terminal at Gangavaram, in the east coast, by 2016."



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