Petronet

India’s top LNG importer Petronet seeks $1.4 billion local loan

Local lenders including Axis Bank, State Bank of India and Union Bank of India are considering to join the facility, which is among the company’s largest fundraising exercises

Petronet likely to renew Qatar LNG contract in January

Qatar is building an enormous expansion to its LNG export facility, which will start later this decade, and extending its commitment to India will help to lock in a key buyer.

Petronet net profit falls 4 as gas volumes drop

Consolidated net profit stood at Rs 785.73 crore in July-September as against Rs 817.61 crore a year back, according to a company’s stock exchange filing.

Petronet to invest Rs 40,000 crore in 5 years

Petronet, which operates two liquefied natural gas (LNG) import facilities at Dahej in Gujarat and Kochi in Kerala, is looking to foray into the petrochemicals business, according to the firm's latest annual report.

Petronet to invest Rs 40,000 crore, including in overseas LNG plants

Petronet plans to make foray into the petrochemical business by investing Rs 12,500 crore in a Propane Dehydrogenation Plant that will convert imported feedstock into propylene, as well as set up a floating LNG import facility at Gopalpur in Odisha at a cost of Rs 1,600 crore, he told reporters here.

Petronet shelves $2.5 billion Tellurian deal, looks for supplies from Qatar

The deal, which was signed during Prime Minister Narendra Modi''s visit to Houston in September 2019, was billed as one of the largest foreign investments in the US to ship shale gas abroad.

Exclusive | BPCL privatisation may be further delayed over open offer to Petronet, IGL shareholders

SEBI norms require the winning bidder to make open offers to buy 26 percent stake in Petronet LNG and Indraprastha Gas, in which BPCL is a promoter. This can be avoided if BPCL sells its stake in these companies but that would take months.

Go short on Petronet, chart shows indecision

The last triggered signal in the Point & Figure chart is a sell signal indicating sellers are in control

Petronet net nearly doubles to Rs 1,089 cr on lower tax rate

Petronet said its board of directors approved special interim dividend of Rs 5.50 per share for 2019-20 fiscal year.

There are big risks in Petronet LNG’s US deal

Petronet’s board had rejected the same deal six months ago because of the changing global gas market dynamics, where the fuel is available in abundance at rock bottom prices.

India-US to soon have trade deal, says US President Trump

Prime Minister Narendra Modi met Trump on the sidelines of the UN General Assembly session and discussed with him bilateral ties

OMCs gain with HPCL & BPCL rallying up to 6%, ICICIdirect expects up move in Petronet

The Energy index jumped over 2 percent with HPCL spiking 6 percent followed by BPCL which jumped over 4 percent. The other top movers included IOC, ONGC, GAIL India and Reliance Industries.

Petronet restructures gas supply contract with Qatar's RasGas

Petronet will now continue to provide the storage, receiving and re-gasification services for the above-mentioned contract but will not be the buyer of LNG.

Petronet, Japanese co to set up $300 mn LNG terminal in Sri Lanka

The Indo-Japanese partnership will set up a 2.6-2.7 million tonnes a year floating LNG receipt facility off the island's western coast, bigger than the previously envisaged 1.5-2 million tonnes a year facility.

Will GAIL take a beating from its US natural gas contracts?

Foreseeing increased energy demand in years to come, GAIL had entered into long-term contracts for importing US shale gas, which is scheduled for delivery from the beginning of next year.

Petronet signs pact to set up $950 mn LNG project in B'desh

India's largest LNG importer Petronet has signed an agreement to set up a USD 950 million liquefied natural gas import project in Bangldesh.

EAC defers clearance of Petronet's LNG project

Citing pollution issues that were raised during public hearing on the project, the EAC has advised the company to obtain report on compliance status of EC/Consent conditions from the Andhra Pradesh Pollution Control Board and regional office of Ministry of Environment and Forests (MoEF), Bengaluru.