Qatar Petroleum has expressed interest in buying a 5.2 per cent stake in Petronet LNG Ltd, a potentially conflict of interest proposition as it will give the gas supplier a vantage position in India's largest fuel importer. Qatar Petroleum, the Persian Gulf country's state-run energy firm, has majority stakes in RasGas and Qatar Gas that along with other liquefied natural gas (LNG) suppliers in the world compete to sell fuel to India.
Thursday, 27 December 2012
Qatar Petroleum to buy stake in Petronet LNG
Qatar Petroleum has expressed interest in buying a 5.2 per cent stake in Petronet LNG Ltd, a potentially conflict of interest proposition as it will give the gas supplier a vantage position in India's largest fuel importer. Qatar Petroleum, the Persian Gulf country's state-run energy firm, has majority stakes in RasGas and Qatar Gas that along with other liquefied natural gas (LNG) suppliers in the world compete to sell fuel to India.
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