Petronet LNG denies Mundra project decision

Petronet LNG declines Mundra project decision
Image courtesy of GSPC

Petronet LNG, India’s largest importer of liquefied natural gas, responded to media reports claiming it has squashed plans to buy a stake in GSPC’s Mundra LNG terminal. 

In its filing to the stock exchange, the company said that as part of its expansion plans, it has been looking at various options, including investments in other regasification terminals on the west and the east coast of India.

“No final investment decision has, however, been taken in this regard,” the filing reads.

Petronet LNG added that it was not aware of any information that has not been published to the stock exchange that could have led to the reports in the local media.

The company was recently reported as eyeing a stake in the expansion projects that would boost Qatar’s LNG production capacity to 100 million tons per year.

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