Petronet LNG Ltd plans to set up a floating LNG terminal in Andaman and Nicobar Islands which will be utilised to feed city gas distribution business of selling CNG to automobiles and piped cooking gas to households in the island.
India’s leading gas importer Petronet LNG expects its liquefied natural gas (LNG) imports to rise by up to 15 percent this fiscal year from a year ago once an expansion at its largest terminal is completed, the company’s top official said on Thursday.
Indian gas importer Petronet LNG on Thursday signed an initial agreement with Tellurian Inc to invest in its proposed Driftwood project in Louisiana in the United States and buy liquefied natural gas (LNG), Tellurian said in a statement.
Top Indian gas importer Petronet LNG is looking to sign a deal in a year’s time to buy at least 1 million tonnes of U.S. natural gas annually for a period of up to 10 years, as it pushes to diversify its supply sources beyond the Middle East.
Petronet LNG Ltd (PLL), India’s largest Liquefied Natural Gas (LNG) importer, posted an 11 per cent increase in net profit for the quarter ended March 2018 at Rs 522.69 crore on a standalone basis on the back of higher volumes processed and better efficiencies in operations, CEO and Managing Director Prabhat Singh said on Monday.
Indian Oil & Gas Firms Likely To Report Strong Third Quarter; Petronet LNG May See Decline In Net Income
Indian Oil & Gas companies are expected to report healthy operating profits for the third quarter ended December 2017 on the back of inventory gains, increased refinery throughput, higher crude realization and higher gas transmission volumes.
Petronet LNG Ltd has dropped plans to buy 25 per cent stake in GSPC’s almost-complete Rs 4,500-crore Mundra LNG import terminal in Gujarat to allow its promoter IOC to pick a larger stake, a company official said.
India’s largest importer of liquefied natural gas, Petronet has initiated talks for buying 26 per cent stake in Indian Oil Corp’s under-construction 5 million tonne LNG terminal at Ennore, its Managing Director Prabhat Singh said today.
South Asia is emerging as a hot LNG market, offering hope of relief to the exporters reeling under oversupply.
Petronet LNG Ltd, India’s biggest importer of liquid gas, is in talks to buy 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) almost- complete Rs 4,500-crore Mundra LNG import terminal in Gujarat.