India’s Petronet looking for long-term deal to buy U.S. LNG

India’s Petronet looking for long-term deal to buy U.S. LNG

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 fourth quarter net profit up 11 per cent at Rs 522 crore

Petronet fourth quarter net profit up 11 per cent at Rs 522 crore

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.