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petronet eyes lng from png

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    Petronet eyes LNG from Papua New Guinea

    Anyone else see this Reuters article from Tuesday! Is it waiting for FEED decision to be announced before it begins negotiations?

    NEW DELHI (Reuters) - India's Petronet LNG is looking at buying liquefied natural gas (LNG) from a proposed 6.3 million tonnes a year project in Papua New Guinea, its Director of Finance, Amitava Sengupta said on Tuesday.

    India, Asia's third-largest energy consumer, faces a natural gas supply crunch with booming demand for the clean fuel far outstripping domestic supplies.

    "We have expressed interest for sourcing LNG from the project. Formal negotiations will soon start," Sengupta told Reuters.
 
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