The recently-commissioned Kochi terminal of Petronet LNG has been operating below capacity as it is yet to be connected to pipelines reaching different markets, the firm‘s CEO and MD A Balyan, told CNBC-TV18. He also said he would not be able to provide a timeline as to when the pipeline would be laid.
In an interview to CNBC-TV18, A Balyan, CEO & MD, Petronet LNG spoke about progress of work at Kochi terminal.
India's largest gas importer, Petronet LNG is likely to offer equity stakes for its Gangavaram project. Speaking about the project, Dr A Balyan CEO & MD of Petronet LNG told CNBC-TV18 that they have not received any formal request from RIL or BP for the project.
A Balyan, chief executive officer and managing director, Petronet LNG doesn't expect to see a significant impact on company's margins, even if the petroleum regulator asks gas companies to share their profit with the government.
A Balyan, chief executive officer and managing director, Petronet LNG in an interview withn CNBC-TV18 said, there has been steady growth in transfer for the capacity utilization of Dahej plant. In terms of volume the company has done 133 trillion BTUs and these have led to boost in performance.
Speaking to CNBC-TV18, A Balyan, CEO and managing director of Petronet LNG, said that the company has to do further more detailing on the finer parts of the agreement but both companies have agreed to sit together and examine to work on long-term supply to India.
Speaking to CNBC-TV18, A Balyan, CEO and MD of Petronet LNG said the topline growth was mainly on account of higher volumes.