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India's Petronet LNG Ltd wants to partner with ONGC Videsh Ltd (OVL), the overseas arm of India's biggest explorer Oil and Natural Gas Corp Ltd, to pick up a stake in an upcoming exploration and liquefied natural gas (LNG) project in Qatar, a company official said.
"We will be signing a non-confidentiality agreement with QatarGas in the next one week or so, and then evaluate the project," Prabhat Singh, managing director and chief executive officer of Petronet told Reuters at the International Energy Forum on Wednesday.
A non-confidentiality agreement would allow QatarGas to speak with other interested parties about the project in addition to Petronet.
The upstream project will feed into a 23 million tonnes per annum LNG terminal, Singh said.
Singh did not say how large of a stake Petronet and OVL would jointly pick up and when the deal would be signed.
It is India's biggest importer and supplier of LNG.
(Reporting by Promit Mukherjee; Editing by Christian Schmollinger)
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