Petronet LNG, India’s biggest liquefied natural gas (LNG) importer, on Wednesday signed an agreement to invest Rs 4,500 crore in building a five-million-tonne import terminal at Gangavaram Port on the Andhra coast.
Petronet LNG Ltd, India's largest liquefied natural gas importer, today signed an agreement to build a 5 million tons a year import facility at Gangavaram port on the Andhra coast.
New Delhi-based Petronet LNG Limited will be signing a memorandum of understanding (MoU) with Gangavaram Port Private Limited, the operator of the deepest port in the country, on Wednesday to set up an LNG terminal project in Andhra Pradesh.
Petronet LNG, the nation's largest importer of liquefied natural gas, today reported 19% rise in net profit in the fourth quarter of 2011-12 on back of higher volumes.
Petronet LNG, India’s biggest gas importer, is in a sweet spot, thanks to the rising Liquified Natural Gas (LNG) demand prospects, as well as the easing global LNG prices.
The country biggest gas importer, Petronet LNG, plans to reduce the time for the capacity expansion of the Dahej terminal by more than a year to cash in on the huge domestic gas shortage.
Petronet LNG, the country’s biggest natural gas importer, is in talks with the Kerala government to set up a gas-based power plant with an investment of about Rs 3,000 crore.
Petronet LNG, the country’s biggest natural gas importer, is in talks with the Kerala government to set up a gas-based power plant at an investment of around Rs 3,000 crore.
Petronet LNG, the nation's largest liquefied natural gas importer, today posted a growth of 73% in the net profit for the third quarter ended December, 2011, at Rs 295 crore.
Petronet's net profit was up 98% to Rs 260.33 crore in the July-September quarter, compared to Rs 131.1 crore in the same period a year ago, the company said in a statement.
A probe has been sought into changes in the contract for import of LNG from Qatar by a firm headed by the Oil Secretary, which resulted in gas prices jumping four-fold and entails an additional outgo of $55.5 billion (Rs 2.5 lakh crore) for users.
Liquified Natural Gas major Petronet LNG has said that it will decide on the location of the third LNG terminal on the eastern coast by the end of this year.
Petronet LNG, the joint venture company formed to import liquefied natural gas and set up LNG terminals, has seen its profit more than double in the quarter ending June. And, the share price has doubled in a year.
Petronet LNG Ltd, one of the fastest growing companies in the Indian energy sector has evinced interest in setting up an LNG (Liquified Natural Gas) terminal along the Orissa coast.
Petronet LNG is trading higher by 3% at Rs 153, bouncing back more than 6% from the day'a lows, after reporting a 131% year-on-year jump in net profit at Rs 257 crore for the first quarter ended June 30. The state-owned company had reported a net profit
Petronet LNG Ltd, the nation's largest liquefied natural gas importer, today reported more than doubling of its net profit in the quarter ended June 30 on higher sales.
Petronet is talking to Cheniere Energy and Freeport for liquefied natural gas (LNG) supplies, Chief Executive A K Balyan said on Thursday, as the US companies progress towards exports.
Russian gas major Gazprom will buy the liquefied natural gas (LNG) it needs to supply India's Petronet under a big new contract, a Gazprom source told Reuters.
To tide over the shortage of natural gas from its D6 fields in the Krishna-Godavari (KG) basin, Reliance Industries (RIL) is buying regasified liquified natural gas (R-LNG) from Royal Dutch Shell and Petronet LNG at double the price.
