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Indian Oil Corp buys into PETRONAS' LNG project in Canada

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19 March 2014

Indian Oil Corp buys into PETRONAS' LNG project in Canada

Report summary

For Indian Oil, the deal secures a stake in Canadian LNG exports and marks the company's entrance into Canadian oil and gas. The transaction also serves the company's objective of sourcing LNG directly, rather than through an intermediary as it is currently doing. India is a large global LNG buyer ranking fifth globally in terms of LNG market size. We estimate the country's reliance on LNG imports to continue to grow from 1,800 mmcfd in 2012 to 2,300 mmcfd by 2015, and 4,400 mmcfd by 2025.

Table of contents

Tables and charts

This report includes 2 images and tables including:

  • Oil & gas pricing and assumptions: Table 1
  • Location of PETRONAS Montney land and LNG export terminal

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    Indian Oil Corp buys into PETRONAS' LNG project in Canada

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