Petronet LNG Limited Saturday said talks were being held with officials of two power plants in Kerala on using natural gas as feedstock in place of diesel and naphtha.
India’s top gas importer Petronet LNG will not bid for the proposed 7.5 million tonnes per annum (mtpa) liquefied natural gas terminal in Bangladesh and instead wants a government-to-government deal, its managing director Prabhat Singh said on Thursday.
Petronet LNG Ltd, India’s top gas importer, plans to invest ₹2,100 crore to expand its terminal capacity in Dahej, Gujarat, from 15 million tonnes per annum (MTPA) to 20MTPA in the next two or three years, said two officials close to the development.
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.
India’s Petronet LNG Ltd said on Monday its talks to invest in Qatar’s exploration and production sector had “slowed down,” as the company had not been able to reach an agreement on pricing with the Middle Eastern nation.
Petronet LNG’s talks with Qatar on picking up stake in the country’s upstream sector have slowed down, Prabhat Singh, Chief Executive Officer (CEO) and Managing Director (MD) of Petronet told media today at the sidelines of India Energy Forum.
Petronet LNG, India’s biggest liquefied natural gas importer, has paid a 12.5 per cent higher commission-on-profit to its chief executive Prabhat Singh and company directors in the fiscal year ended March 31, 2018.
PhillipCapital Conference on energy sustainability is taking place in Mumbai today. To talk about the theme Vineet Bhatnagar, MD & CEO of the company spoke to CNBC-TV18 from the sidelines of the conference.
Despite the recent fall in prices of imported LNG, the fuel still costs $6-7 per mmbtu to domestic consumers, clearly signalling the demand for gas at prices higher than $2.89 per mmbtu fetched by domestic explorers for shallow-water gas.
After Petronet LNG successfully re-negotiated a deal with ExxonMobil, in what could potentially save up to Rs 10,000 crores, Jal Irani of Edelweiss Financial Services believes that the end consumer is the ultimate beneficiary.