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    • Dahej plant volumes to rise to 20 MT in FY18: Petronet LNG

      Dahej plant volumes to rise to 20 MT in FY18: Petronet LNG

      The Q3 earnings of the company came in line with estimates with volumes being a big positive. But the profit after tax fell by 13.5 percent quarter-on-quarter due to a lower effective tax rate.

    • Petronet LNG Q3 net rises 133% at Rs 397 cr

      Petronet LNG Q3 net rises 133% at Rs 397 cr

      Petronet LNG Ltd, India's biggest liquefied natural gas importer, has more than doubled its net profit to Rs 397 crore in the third quarter ended December 31 as it handled record volumes of imported gas.

    • To run Kochi LNG terminal at 40% capacity by 2019: Petronet LNG

      To run Kochi LNG terminal at 40% capacity by 2019: Petronet LNG

      The Kochi terminal to run at 40 percent capacity by 2019 and is expected to make a profit of 2 billion rupees in the fiscal year to March 2019 versus an expected loss of Rs 3.5 billion in the current fiscal year, he said.

    • We utilised more than the capacity we have had: Petronet LNG

      We utilised more than the capacity we have had: Petronet LNG

      Petronet LNG posted a stellar set of earnings in Q2, with the company posting highest-ever EBITDA on strong volume growth.

    • Petronet LNG Q2 net profit zooms 82% to Rs 460 cr

      Petronet LNG Q2 net profit zooms 82% to Rs 460 cr

      Net profit of Rs 460 crore in July-September is 82 percent higher than Rs 253 crore net profit in the same period a year ago, company CEO and Managing Director Prabhat Singh said here.

    • No 'take or pay' clause in new contract with RasGas: Petronet

      No 'take or pay' clause in new contract with RasGas: Petronet

      The natural gas price will be linked to the market till 2028 and under this new agreement the oil price will be based on a three month average unlike the earlier five year average and this revised price is effective from January 1, 2016.

    • To save Rs 10K cr on fertiliser subsidy over 3 yrs: Petronet LNG

      To save Rs 10K cr on fertiliser subsidy over 3 yrs: Petronet LNG

      Had there been a 'take or pay' liability clause, Petronet would have had to pay Rs 12,000 crore to RasGas though it had not bought gas in 2015

    • Oil Min reverts back to promoters selecting CEO of Petronet

      Oil Min reverts back to promoters selecting CEO of Petronet

      A new Search Committee comprising representatives of all Petronet's four promoter PSUs - GAIL, IOC, ONGC and BPCL - as well as GdF of France has been formed to select the new chief executive officer (CEO) of India's biggest liquefied natural gas importer, officials said.

    • GAIL in talks to acquire stake in Tanzania gas block

      GAIL in talks to acquire stake in Tanzania gas block

      GAIL was keen to buy part of Ophir Energy Plc's remaining 20% stake in blocks 1, 3 and 4, which are estimated to hold an estimated 15 trillion cubic feet (tcf) of gas reserves.

    • GAIL plans to open office in Dubai to explore opportunities

      GAIL plans to open office in Dubai to explore opportunities

      GAIL (India) Ltd, the country's largest gas transmission and marketing company, plans to open an office in Dubai soon, a senior official said.

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