BP Seeks to Acquire Stake in LNG Terminals in India

BP PLC subsidiary BP India wants to acquire an equity stake in liquefied natural gas terminals in the country as well as build LNG terminals in a joint venture with Reliance Industries Ltd.

"As part of the joint venture deal with Reliance, we will look at importing gas at the terminal and then may mix it with domestic gas," Sashi Mukundan, head of BP India, said.

Steve Westwell, member of BP's executive management team, said BP is open to further investment opportunities in India's oil and gas sector. "India is going to grow as one of the key markets for energy companies like us," Westwell said.