The Economic Times: LNG Bharat to Sell Stake in Two Companies to Global Parts Suppliers

LNG Bharat, which is building an LNG terminal at Krishnapatnam Port in Andhra Pradesh along with related pipeline infrastructure, may offer stakes in two project-specific companies it has floated to global equipment suppliers. 

The joint venture between oil and gas exploration firm KEIRSOS Petroleum and Apollo HospitalsBSE 0.29 % co-promoter Shobana Kamineni and husband Anil may sell up to a 49% stake, LNG Bharat Managing Director Murthy Jasti said. 

Some of the equipment suppliers for the projects, including Mitsui of Japan for the special purpose vehicle executing the floating LNG terminal and China Petroleum Pipeline for the SPV developing the pipeline, are keen on picking up a stake, Jasti told ET.  MORE