Since procurement and sales are pre-decided by long-term contracts, movements in spot LNG prices do not impact them, said RK Garg, Director of Finance, Petronet LNG.
In an interview to CNBC-TV18, RK Garg, CFO, Petronet LNG spoke about the latest happenings in his company and sector.
RK Garg of Petronet LNG says the company is trying to make up the "drop" by buying spot volume from the spot market.
Speaking about volumes, RK Garg, director-finance at Petronet LNG said Dahej and Kochi terminals need to improve its operating capacity to see uptick in volumes.
Discussing the results, RK Garg, Director Finance, Petronet LNG, agreed that Q4FY15 numbers are indeed below expectations and the company has been trying to mitigate issues raised after sudden drop in crude prices
Dahej operations are performing as per expectations and once the second jetty at Dahej which is likely to be commissioned by March comes up; the volumes will improve further said RK Garg, director finance, Petronet LNG.
SP Tulsian of sptulsian.com advised buying Petronet LNG around Rs 130 with a short term view.
RK Garg, director finance, Petronet LNG says they have signed a preliminary agreement with United LNG, a US based company, with the prime objective of brining liquefied natural gas (LNG) to India.
In an interview to CNBC-TV18 RK Garg, director-finance at Petronet LNG believes that new rules to introduce eligibility conditions for registration of LNG is not going to have any impact on their existing terminal at Dahej, as well as on their upcoming terminal at Kochi.
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