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Petronas considering stake in Indian LNG import terminal

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LNG Industry,

Reuters are reporting that Petronas is looking to buy a stake in Indian Oil Corp's (IOC) Ennore LNG import terminal.

IOC aims to start operating the 5 million tpy terminal in the southern state of Tamil Nadu in 2018 – 19.

Companies including Petronas have shown an interest in taking a stake in Ennore, with India's Petronet LNG also interested.

State-owned Petroliam Nasional Berhad sees significant growth potential for LNG sales to India, Pakistan, Bangladesh and some parts of Southeast Asia.

India has plans to raise its annual LNG import capacity to 50 million t in the next few years from 21 million t now.

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