Dahej plant already running at 110% capacity: Prabhat Singh, Petronet LNG


Dahej plant already running at 110% capacity: Prabhat Singh, Petronet LNG

How are you utilising the capacities?

By and large we have been able to maintain the plant well and we have been running Dahej at 110% capacity. We have continued to have good profits.

How were the volumes for this quarter and what is your outlook going ahead?

This quarter we have maintained virtually the same volumes as it was in the last quarter. These volumes will continue in the same manner till the time our expansion comes up because today we are operating at the highest capacity. It may be unsafe to operate at a higher capacity than that.

What channel do you think Indian companies will adopt to purchase oil from Iran? There were talks of trading in exchange of rupee. Do you see that happening?

If there are sanctions, then less and less oil comes into the market. The price per barrel may go high and the price barrel goes high, then obviously the pricing since it is indexed to that would be higher. If the spot in the short-term prices become lesser than that, then we may have a stretch. Otherwise, till now whatever we have seen is that the long-term contracts are picked up by everybody. In H1, we have not faced any problem about not lifting of the cargos. I anticipate that it will continue like that. Read More

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