Petronet to Purchase LNG from GDF SUEZ

GDF SUEZ has signed an agreement to sell 600,000 tons of LNG to India’s Petronet LNG for the year 2012.

The French-Belgian outfit which owns a 10% stake in Petronet will source the LNG from its global portfolio and deliver it to Petronet’s Dahej LNG terminal in the state of Gujarat.

Petronet which is India’s largest LNG importer, owns and operates the country’s main LNG terminal in Dahej. The company is constructing another import terminal in Kochi in Kerala with a five million ton capacity to be completed by the end of 2012.

Since September 2010, GDF SUEZ has concluded four LNG sales agreements with major energy players in Asia. Between 2010 and 2016, the company said it will deliver up to 136 cargoes of about 8.2 million tons to Kogas, CNOOC, Petronas and Petronet