India’s top gas importer Petronet LNG Ltd wants Qatar Gas to lower prices for it to renew a long-term liquefied natural gas (LNG) import deal beyond 2028, The company in the immediate term is looking to tie up 0.75 to 1 million tonnes of LNG to meet the burgeoning energy demand in the country, particularly of the […]
Petronet LNG Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, may look at setting up a fourth facility in the country to meet the rising energy demand in Asia’s third-largest economy, its CEO A K Singh said. Petronet operates a 17.5 million tonnes a year LNG import facility at Dahej in […]
Petronet LNG Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore over next 4-5 years, including in overseas supply sources, its CEO A K Singh said. Petronet plans to make foray into the petrochemical business by investing Rs 12,500 crore in a Propane Dehydrogenation Plant that will […]
The transition to 100% cleaner fuels and green energy will be through natural gas, according to the three CMDs of India’s oil marketing companies (OMCs). They are gearing up for a 25% share of natural gas in India’s energy mix by 2030, an ambitious target set by Prime Minister Narendra Modi. To achieve it, India […]
India will bargain for supply of undelivered gas quantities of past years when it negotiates renewal of its multi-billion dollar LNG import deal with Qatar. Petronet LNG Ltd’s 7.5 million tonnes a year liquefied natural gas (LNG) import deal with Qatargas is ending in 2028. Renewal, if any, has to be confirmed 5 years ahead of […]
India’s import of liquefied natural gas (LNG) recorded a drop of 13.2% year-on-year (y-o-y) to 1.9 million tonnes (MT), or 2,517.5 million standard cubic meter (mscm) in September 2021, according to a recent note published by Credit Suisse. With this, LNG import in April-September stood at 11.8 MT, marginally lower than 11.9 MT recorded in […]
In a first of its kind effort to produce natural gas at cheap prices, India’s biggest LNG importer Petronet is close to signing a long-term LNG deal benchmarked to daily or spot prices, which generally are lower than standard rates of such contracts. The CEO and Managing Director of Petronet LNG, Prabhat Singh, however, refused to […]
India’s imports of liquefied natural gas (LNG) for the month of April 2019 was 2502 million metric standard cubic metres (MMSCM), an increase of 9.7 per cent over the corresponding month of the previous year, according to latest data from the Petroleum Planning & Analysis Cell and Ministry of Petroleum and Natural Gas. The increase […]
