Page 2 - Petronet

Petronet joins hands with IGL and GSPC to sell liquefied natural gas

Company CEO Prabhat Singh said it was in the final stages of inviting bids to set up Liquefied natural gas (LNG) outlets

Petronet Q2 net up 28% to Rs 589 crore

Shares of the company were trading 3.40% higher at Rs 269 per scrip on BSE

Petronet to form JV with Japanese, Sri Lankan firms for LNG plant

Petronet LNG, India's largest LNG importer would set up a LNG terminal in Colombo, Sri Lanka. Sri Lanka recently decided to set up of an LNG terminal near Colombo in a joint venture with Indian and Japanese companies. The matter was under discussions since last year. The Sri Lankan Government issued a Letter of Intent to the Govt. of India during the visit of External Affairs Minister to Colombo on Sept 1."A Joint Venture of Petronet LNG Limited along with Japanese and Sri Lankan companies will develop an LNG Terminal in Sri Lanka to provide regassified natural gas to various power plants, domestic and transport sectors in Sri Lanka. The capacity of the LNG Terminal will be decided upon the gas demand in Sri Lanka and is expected to be developed in 2 years after completion of initial formalities," said a public statement by the company.Petronet said the LNG terminal would be set up on the western coast of Sri Lanka in close vicinity of Colombo where most of the power projects ...

Petronet signs pact to set up $950 mn LNG project in Bangladesh

Petronet signed a MoU with with Petrobangla to set up a 7.5 million tonnes a year project

Petronet March quarter profits slips 20% to Rs 239 crore

The fall in profits is despite a 19% reduction in expenses to Rs 5,698 crore as compared to Rs 7,021 crore in the same quarter last fiscal