Petronet LNG eyes Australian LNG assets

India’s Petronet LNG is looking to acquire stakes in some Australian LNG export assets as it moves to expand its import capacity.

“We’re starting to take a different approach now from only looking for long-term contracts,” Petronet LNG managing director A.K. Balyan told reporters in New Delhi.

“We want minority stakes in projects and that will help us get contracts, too. Our capacity in India is increasing and we’ll need gas to fill that capacity.”

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