Middle East Economic Survey

VOL. XLVIII

No 5

31-January-2005

QATAR

Petronet/RasGas In 5% Investment Swap Talks

Indias Petronet LNG and RasGas are discussing arrangements for a proposed equity swap, Petronet chairman Suresh Mathur said on 18 January. Under the deal, Indias state-owned Oil and Natural Gas Corporation (ONGC) one of the partners in the government-formed Petronet LNG joint venture would take a 5% stake in RasGass third LNG train (RasGas-2), while RasGas would acquire a 5% stake in...