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BP plc Begins India Talks Over LNG Stake


The new BP plc (NYSE:BP) joint venture in India is in talks to buy a stake in an LNG import terminal.

BP plc Begins India Talks Over LNG Stake

According to sources close to the company, Indian Gas Solutions, the new joint venture company of Reliance Industries and BP plc (NYSE:BP) has held initial talks to pick up a stake in an existing operator of a liquefied natural gas (LNG) import terminal.

This new joint venture setup by BP plc (NYSE:BP) is expected to boost its LNG output globally.

BP plc (NYSE:BP) shares were at 46.65 at the end of the last day’s trading. There’s been a 5.6% change in the stock price over the past 3 months.

BP plc Begins India Talks Over LNG Stake
BP plc (NYSE:BP) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.53
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.62
Zack’s Rank: 6 out of 18 in the industry


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