Oman is in talks with India to buy a minority stake in Petronet LNG Ltd. ‘s planned liquefied natural gas terminal off India’s east coast, the middle-eastern nation’s oil and gas minister said Wednesday. Mohammed Bin Hamad Al Rumhy told reporters on the sidelines of an event that Oman wants to buy a 10% to 20% stake in the 5 million tonne a year LNG terminal at Gangavaram, in the state of Andhra Pradesh. The stake could be bought through an investment or pension fund, he added. “Petronet’s track record in the terminal business is attractive……..There are synergies (as well),” he said. Indian state-run companies Corp. , Indian Oil Corp. , Bharat Petroleum Corp. and GAIL hold a 12.5% stake each in Petronet. French power company GDF Suez owns 10% and the Asian Development Bank another 5.2%. The rest is held by public, insurance companies and mutual funds. […]