Petronet LNG

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Petronet LNG Ltd
Public
Traded as BSE532522
Industry Oil and gas
Headquarters New Delhi, India
Key people
Shri K D Tripathi (Chairman), Prabhat Singh (MD & CEO)
Products Liquefied Natural Gas, RLNG, CNG
Services

LNG Regasification Facilities Storage & Reloading Facilities LNG Bunkering Facilities Gassing up & cooling down Facilities

LNG Truck Loading Facilities
Revenue ₹ 24,963 (In Crores)
Website www.petronetlng.com

Petronet LNG Limited, one of the fastest growing world-class companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 15 MMTPA [equivalent to 60 MMSCMD of natural gas], the Kochi terminal has a capacity of 5 MMTPA [equivalent to 20 MMSCMD of natural gas]. The company is in the process to build a third terminal at Gangavaram, Andhra Pradesh.

Petronet LNG is at the forefront of India's all-out national drive to ensure the country's energy security in the years to come.

Formed as a Joint Venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India's leading oil and natural gas industry players. Our promoters are GAIL (India) Limited (GAIL), Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The authorized capital is Rs. 1,200 crore ($240 million). 

The company selected Gaz de France as its strategic partner. The company has also signed an LNG sale and purchase agreements with Ras Laffan Liquefied Natural Gas Company Ltd, Qatar for the supply of 8.5 MTPA LNG to India.

Petronet LNG Ltd has set up its first LNG terminal at Dahej in Gujarat with the capacity of 15 million metric tons per year. Capacity of Dahej Terminal will expand to 17.5 million tons per year till 2019. Another terminal with capacity 5 million tons per year is commissioned in Kochi (Kerala) and started its operations in August 2013. Petronet LNG is planning to set up its third LNG terminal with capacity 5 million tons per year probably in Andhra Pradesh. It is expected that by 2016 Petronet LNG's total operating capacity will be 25 million tonnes per annum.

Petronet LNG Limited is in the process of further expansion of Dahej LNG Terminal from 15 MMTPA to 17.5MMTPA and has awarded the EPC Contract for Regasification facilities in July 2016. This is likely to be commissioned in first quarter of 2019.

Kochi  LNG Terminal is situated in the Special Economic Zone (SEZ) of Puthuvypeen near the entrance  to Cochin Port,Kerala. The jetty facility at Kochi terminal is designed to receive LNG Tankers of  capacity from 65,000 m3 up-to 216,000 m 3 with  possibility to take suitable smaller ships.

There are various services offered by Petronet LNG Limited like Regasification, Storage and Reloading, Bunkering, Gassing up & Cooling Down Facilities & LNG Truck Loading Facilities.

Listings and Shareholding[edit]

Shareholder Shareholding
IOCL 12.50%
BPCL 12.50%
GAIL  12.50%
ONGC 12.50%

References[edit]

  1. http://economictimes.indiatimes.com/petronet-lng-ltd/stocks/companyid-4495.cms
  2. http://economictimes.indiatimes.com/industry/energy/oil-gas/petronet-eyes-26-per-cent-stake-in-iocs-lng-terminal-at-ennore/articleshow/60006188.cms

External links[edit]