BPCL may bring all natural gas-related businesses into one fold and christen it Bharat Petroleum Natural Gas. Photo: BloombergMumbai:State-run Bharat Petroleum Corporation Ltd (BPCL) is planning to hive off its gas business into a separate wholly-owned subsidiary, two people aware of the development said. BPCL, which is present in various segments of natural gas sales and supply, has been strengthening its gas business over the past few years. The new unit may be christened Bharat Petroleum Natural Gas Company. According to a 10 March Care Ratings report, Qatar accounts for 62% of overall LNG imports to India followed by Nigeria supplying 12% of the LNG imports.

Source: Mint April 08, 2018 18:22 UTC