Canada Lures Petronet With Gas as Ambani Fails: Corporate India
This article is for subscribers only.
Petronet LNG Ltd., India’s biggest liquefied natural gas importer, plans to buy the fuel from Canada to meet surging demand as output from a block operated by billionaire Mukesh Ambani’s company falls.
Petronet, based in New Delhi, is looking to Canada as Prime Minister Stephen Harper visits India this week to attract buyers and investors in Asia. Petronet has met Canada’s Natural Resources Minister Joe Oliver and wants to buy the fuel from projects on the North American nation’s east coast, Chief Executive Officer A.K. Balyan said in an interview in Sydney.