Engie to sell its share in Petronet LNG

By LNG World News Petronet’s Kochi LNG terminal (Image courtesy of Petronet LNG)France’s LNG player Engie, through its unit, GDF International, proposed to shed its shareholding in India’s largest importer of liquefied natural gas, Petronet LNG.
According to the stock exchange filing by Petronet LNG, GDF International invited the state-owned companies that own a total of 50 percent in the company, offering them first right of purchase of Engie’s 10 percent share in Petronet LNG.
The four state-owned companies are Bharat Petroleum Corporation, GAIL, Indian Oil Corporation and Oil and Natural Gas Corporation.
Speaking to Bloomberg, R.K. Garg, Petronet LNG’s director finance said that Engie, through

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