Page 5 - Petronet Lng

Petronet's LNG terminal plan in Bangladesh put on the back burner

Bangladesh has instead asked India to bid in the ongoing round for an LNG regasification terminal at Matarbari, also Cox's Bazar

Talks to invest in Qatar's production sector have slowed: Petronet LNG

Under the initial non-exclusive agreement signed with QatarGas, Petronet LNG was to get access to QatarGas's data rooms for evaluation of the project within a month's time

Petronet submits proposal to set up $1 bn LNG import facility in Bangladesh

Petronet LNG Ltd, India's biggest liquefied natural gas importer, has submitted a firm proposal to set up an LNG import facility in Bangladesh at an investment of about USD 1 billion, its Managing Director & CEO Prabhat Singh said. Petronet had last year signed a MoU with Petrobangla to set up a 7.5 million tonnes a year project to receive and regasify LNG on Kutubdia Island in Cox's Bazar and lay a 26-km pipeline to connect it to the consumption markets. The firm has now made a formal proposal with techno-economic details including the cost to the Bangladesh government for approval, Singh said. "We have told them that we can build the land-based LNG receipt facility in 42 months from the date of receiving all approvals," he said. The project envisions future expansion and can be used for supplying LNG through small barges and LNG trucks to users which are not connected by the gas grid. Once Bangladesh government accepts the proposal, a formal pact will be signed between Petronet

Petronet won't buy 25% stake in Mundra LPG, makes way for IOC to buy 50%

GSPC first offered its 50% stake in the Mundra project to IOC, but the company was willing to take not more than 25-26%

Petronet LNG: Play on steady volumes & profit growth

Healthy demand drives growth; expansions, better capacity utilisation of Kochi unit to boost profit

Petronet LNG: West Asia rift will have no impact

Reports say that shipping lines in India are rejecting bookings to Doha with immediate effect

Petronet LNG falls as GDF sells entire 10% stake via block deal

The France-based investor will sell 75 million shares in block deals for up to $512 million

GDF to sell entire 10% stake in Petronet LNG for up to $512 million

GDF will sell the shares in a price range of Rs 417-440 a share

Oil Ministry may block PSUs from buying 10% stake in Petronet LNG

Four state-owned firms hold 49.99% stake in Petronet; move is aimed at keeping the entity private

Petronet LNG in a sweet spot

As the tide turned in favour last fiscal, Petronet LNG saw a good year both in terms of volumes and profitability. The renegotiated RasGas prices, which made imported gas competitive, boosted demand. The decline in domestic gas production further proved helpful for Petronet, which gets its revenues by largely importing gas and marketing it in the country. Continued capacity expansions are also proving handy; it enabled Petronet double its net profit to Rs 1,235 crore in the first nine months of FY17. The March quarter is also expected to be robust. Not surprisingly, the Petronet stock recently scaled to its all-time intra-day high of Rs 453.65. It closed at Rs 430.40 on Thursday, a gain of 63 per cent in one year. Moving forward, the outlook remains firm and there could be more gains ahead, as firstly, the demand for LNG (liquefied natural gas) remains strong. Secondly, Petronet is seeing gains from expanded capacities providing a volume boost. In fact, the company is planning more ...

Petronet LNG sees Kochi terminal at 40% capacity by 2019

Official says that the terminal will make an expected loss of Rs 3.5 billion in the current FY

Petronet LNG: Rising LNG prices a concern

The stock's high valuation seems to underestimate the risks of falling consumption demand

Petronet plans retail foray; to set up LNG fuel outlets

The company is already in talks with oil marketing companies like IOC, HPCL and BPCL to enter into a tie up with them

Petronet LNG gains as Q2 profit beats forecast

The stock rallied 8% to Rs 374 after the company reported a strong 82% YoY jump in profit at Rs 460 crore in Q2FY17.

Despite Petronet's good show, near-term concerns loom

Higher capacity use, margins lead to good results; static demand may make sustainability difficult

Petronet LNG shares up nearly 4% post June quarter nos

Company posted a 55 per cent jump in standalone net profit at Rs 377.86 crore for the quarter ended June 30

Petronet LNG net up 55% at Rs 378 cr in June quarter

Total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago

Petronet LNG plans Rs 5K cr terminal in Bangladesh

Besides Bangladesh, Petronet has also proposed to set up 1 MT LNG terminal in Sri Lanka to meet local demand

Petronet LNG net profit slides 20% in Q4

Total income dips 15% to Rs 6,065 cr; Gas importer to spend Rs 600 crore on Dahej terminal this fiscal