New Delhi, Jan 14 (IANS) India Wednesday offered a 10 percent stake in Petronet LNG Ltd, the state-run procurer of liquefied natural gas (LNG), to Qatar.
Petroleum Minister Murli Deora made the offer to visiting Qatari deputy premier and energy minister, Abdullah Bin Hamad Al-Attiyah, at a breakfast meeting here. The offer was made after the Arab kingdom agreed to increase LNG supply to India.
Qatar has already assured India of additional supply of 600,000 tonnes of LNG to India, its largest customer.
Four state-run energy companies (GAIL India, Oil and Natural Gas Corp, Indian Oil Corp and Bharat Petroleum Corp) each have a 12.5 percent equity share in Petronet, while GDF International, a wholly-owned subsidiary of French national gas Company Gaz De France, owns 10 percent and the Asian Development Bank controls 5.2 percent.
The balance equity of 34.8 percent is held by the public.
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