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ADB Seeks to Sell Stake in Petronet LNG

Maritime Activity Reports, Inc.

September 7, 2010

According to a September 6 report from The Wall Street Journal, the Asian Development Bank plans to offload its stake in Petronet LNG Ltd., valued at $95.6m, India's Oil Secretary said. Asian Development Bank holds a 5.2% stake in Petronet, India's largest liquefied natural gas importer by volume.

(Source: The Wall Street Journal)

LNG