Page 3 - Petronet Lng

Indian LNG importers issue force majeure notices as gas demand slumps

Top gas importer Petronet LNG has served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes.

Manikaran Power becomes the first member of India's gas trading platform

Manikaran Power Ltd joins hands with Indian Gas Exchange

IEX to launch trading platform Indian Gas Exchange; norms yet to be framed

IGX will be offering a spot contract for the day ahead market, which means gas will be physically delivered the next day

Better consumption brightens growth prospects of gas utility companies

Fertiliser and city gas segments set to fuel growth; power demand may revive soon

Petronet LNG climbs over 6% as Q2 net profit surges 90% YoY

The company's board of directors also approved special interim dividend of Rs 5.50 per share for 2019-20 fiscal year.

Petronet LNG Sep-quarter net grows 90% on lower tax to Rs 1,089 crore

Revenue from operations, however, slipped to Rs 9,361.18 crore from Rs 10,745.34 crore in the second of the previous fiscal year

Petronet-Tellurian deal: Is LNG risky for India? Explained in 5 charts

Based on industry estimates, this LNG could cost upwards of $5 per million metric British thermal unit (mmBtu).

Petronet LNG allays Street's concerns on hydrocarbon investments in US

Details about deal size will be finalised by March, could stretch the company's balance sheet if it goes solo

Petronet disfavoured $2.5 bn LNG deal in April; signs non-binding MoU now

The officials said the deal with Tellurian is far from closed and will require negotiations

Why Petronet LNG slipped over 7% after hitting 52-week high in early trade

The Houston-based Tellurian and Petronet LNG Ltd (PLL) signed an MOU on Saturday under which the latter will import 5 million tons of LNG (liquefied natural gas) from America over a 40-year period.

Petronet to invest $2.5 bn in Houston's Tellurian Inc for 5 mn tonnes gas

The agreement also includes PLL making investment in the equity of $28 billion Driftwood project in Louisiana to secure the LNG

Petronet signs MoU with US natural gas firm Tellurian in PM Modi's presence

Tellurian and Petronet will endeavour to finalise the transaction agreements by March 31, 2020

H-Energy, Petronet sign deals to buy Russian LNG producer Novatek

The deals were announced hours after Prime Minister Narendra Modi arrived here on Wednesday for summit talks with Russian President Vladimir Putin

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