India: Petronet LNG Names New Board Chairman

Petronet LNG of India, the country’s largest LNG importer, said that Shri Vivek Rae, Secretary, Ministry of Petroleum and Natural Gas, Government of India, has been appointed as Chairman and Director on the Board of the company.

Petronet LNG has a 7.5mmtpa supply contract for LNG with Rasgas for its Dahej terminal in Gujarat and a 1.44mmtpa supply contract with Gorgon project in Australia for its completed, soon to be, commissioned 5mmtpa Kochi LNG terminal (expanded from initial plans of 2.5 mmtpa).

The company has also entered into long-term gas sale contracts with Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and GAIL, for 7.5mmtpa of its current operational capacity of 10mmtpa at Dahej and 1.44 mmtpa LNG purchase at Kochi terminal.

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LNG World News Staff, February 27, 2013