 Ours
is a company at the forefront of India's all-out national drive
to ensure the country's energy security in the years to come.
Formed as a Joint Venture by the Government of India to import LNG
and set up LNG terminals in the country, it involves India's leading
oil and natural gas industry players. Our promoters are GAIL (India)
Ltd (GAIL), Oil & Natural Gas Corporation Ltd (ONGC), Indian
Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Ltd
(BPCL). The authorized capital is Rs. 1,200 crore ($240 million).
Petronet LNG is also drawing keen interest from global energy industry
stars.
While French national gas company GAZ de France (GDF) is our strategic
partner, Ras Laffan Liquefied Natural Gas Company Ltd, Qatar, has
signed an LNG sale and purchase agreement (SPA) with us for the
supply of LNG to India.
We have set up our first LNG Terminal at Dahej, Gujarat, with a
capacity of 5 MMTPA, and are in the process of setting up another
terminal at Kochi, Kerala, with a capacity of 2.5 MMTPA.
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