According to a source in the delegation of Indian Petroleum and Natural Gas Minister Hardeep Singh Puri, the Indian consortium of ONGC and Petronet LNG is contemplating purchasing a 9.9 percent share in the Arctic LNG-2 gas liquefaction project, Vedomosti writes.
This topic was discussed during his visit to Russia, but no final decision has been taken, according to the source.
The minister himself informed reporters that Indian firms had had discussions with Rosneft, Novatek, Gazprom Neft, and Sibur, although he did not elaborate.
The Arctic LNG-2 project, costing $21 billion, entails the development of three technical lines capable of producing 6.6 million …
