|Malaysia's national oil company Petronas plans to look for equity partnerships in the liquified natural gas (LNG) infrastructure segment in India. To expand its presence in the country, the company is also looking to secure long term LNG supply contracts.|
"We are looking at options in the LNG infrastructure space like gas terminals and pipeline through equity partnerships in India," said Datuk Wan Zulkiflee Wan Ariffin, President & Group CEO for Petronas.
With over 30 million tonnes per annum supply capacity, Petronas is currently the third largest LNG player globally. However with around 15 LNG cargoes delivered to India, its exposure to India's LNG business so far is insignificant. At present, the company's LNG exposure to India is through the spot market. However, the company will focus on procuring long term LNG contracts in India.