- Petronet LNG
Infobox Company
company_name = Petronet LNG Ltd
company_
company_type = Public
foundation =
location =New Delhi ,India
origins =
key_people =P Dasgupta , CEO & MD
MS Srinivasan , Chairman
area_served =
industry = Oil and gas
products =Natural gas Liquified petroleum gas
revenue =
operating_income = )
net_income =
num_employees =
parent =
subsid =
homepage = [http://www.petronetlng.com www.petronetlng.com]
footnotes =Petronet LNG Limited is a company formed by the government of
India to importliquefied natural gas (LNG) and set up LNG Terminals in the country. It is a joint venture company promoted by theGas Authority of India Limited (GAIL),Oil and Natural Gas Corporation Limited (ONGC),Indian Oil Corporation Limited (IOC) andBharat Petroleum Corporation Limited (BPCL) with an authorized capital of Rs. 1200crore s (US$ 240 million). Each have 12.5% equity share totaling to 50%. In addition, GDF International (GDFI), a wholly owned subsidiary ofGaz de France , a French national gas company, holds 10% and theAsian Development Bank (ADB) holds 5.2% of the equity. The balance of the equity, 34.8%, is held by the public.The company has selected
Gaz de France as its strategic partner. The company has also signed an LNG sale and purchase agreement with Ras Laffan Liquefied Natural Gas Company Ltd.,Qatar for the supply of LNG to India.Petronet LNG Ltd. has set up its first LNG Terminal at
Dahej inGujarat with the capacity of 5 millionmetric ton s perannum (MMTPA) and is in the process of setting up another terminal at Kochi in Kerala with the capacity of 2.5 MMTPA.
Wikimedia Foundation. 2010.