Petronet keen to buy 25% stake in Gujarat LNG terminal

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Petronet LNG is interested in buying a 25 percent stake in a planned liquefied natural gas (LNG) terminal in Gujarat state, its chief executive said.

Gujarat State Petroleum Corp plans to commission a 5-million-tonne-a-year LNG terminal at Mundra in the western Indian state by 2016. It holds a 50 percent stake in the project, while Adani group has 25 percent.

Also See:Q4 result of Petronet LNG

Essar group, which held a 25 percent stake, has withdrawn from the project. Petronet's AK Balyan said on Tuesday that the company would operate its LNG terminal in Kochi in Kerala state at 12 percent of capacity in 2013/14 due to "pipeline constraints". It will process 4-5 spot LNG cargoes at Kochi during this fiscal year.

It plans to operate the terminal at about 75 percent of capacity in 2014/15.