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Asian Development Bank to sell its 5.2% stake in Petronet LNG  

ADB to sell stake in Petronet LNG

Tuesday, September 07, 2010

Asian Development Bank has written to its major shareholders about its decision to sell its 5.2% stake in Petronet LNG Ltd. IOC, BPCL, GAIL and ONGC each hold 12.5% stake in Petronet. French group GDF holds 10% stake in the company. Petronet operates a 10mn tons/year LNG terminal at Dahej, Gujarat. It is currently building another terminal in Kochi which shall have a capacity of 2.5mn tons/year. The Kochi terminal will be commissioned by middle of 2012.

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