Petronet to lease out half of Kochi terminal

Last Updated: Sunday, February 2, 2014, 16:14

The 5 million tonne a year LNG import facility, which was commissioned in September, operated at just 5 percent of its capacity in the third quarter (October-December) of the current financial year as pipelines carrying the gas to customers are not yet ready.

GAIL asked to explain logic of seeking reopening of price

Last Updated: Tuesday, December 24, 2013, 18:26

State-run gas utility GAIL India Ltd has been asked to explain the basis on which it is seeking renegotiation of India's most expensive LNG import deal as the contract with Australia's Gorgon project has no such clause.

EAC defers clearance of Petronet's LNG project

Last Updated: Monday, November 11, 2013, 20:59

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.

OVL-IOC-Petronet consortia in talks for stake in Yamal LNG

Last Updated: Monday, September 9, 2013, 17:44

A consortium on ONGC Videsh Ltd, Indian Oil Corp (IOC) and Petronet LNG Ltd is in talks to buy about 9-10 percent stake in Russian natural-gas producer OAO Novatek's USD 20 billion Yamal LNG Project.

First shipment of LNG for Petronet terminal arrives

Last Updated: Wednesday, August 21, 2013, 00:09

The much-awaited first shipment of over 1 lakh cubic metres of Liquefied Natural Gas for the Petronet LNG terminal at nearby Puthuvype arrived Tuesday and the commercial supplies are expected in the next few days with the offloading operations commencing immediately.

Petronet receives maiden cargo at Kochi port

Last Updated: Monday, August 12, 2013, 17:41

Petronet yesterday received a ship carrying gas in its liquid form (liquefied natural gas or LNG) from Qatar but the ship could not dock at the port, sources with direct knowledge of the development said.

Petronet wants IOC to drop Ennore LNG terminal

Last Updated: Sunday, August 4, 2013, 17:57

With Indian Oil Corp (IOC) looking to set up two LNG terminals on the east coast, Petronet LNG Ltd has asked the state-run refiner to drop plans to duplicate infrastructure and has offered to meet all of its gas needs.

Petronet to offer stake in Gangavaram LNG unit to gas supplier

Last Updated: Tuesday, July 30, 2013, 20:19

Petronet LNG Ltd, India's largest importer of liquid gas, will offer 15-18 percent stake in a new LNG import facility it is building at Gangavaram in Andhra Pradesh, to a gas supplier.

Petronet LNG reports 17% drop in June qtr Net

Last Updated: Tuesday, July 30, 2013, 19:00

Petronet LNG Ltd, the nation's largest importer of liquid gas, Tuesday reported a 17 percent drop in its June quarter net profit on account of lower margins.

LNG from US to cost GAIL India $10.5 per mmBtu

Last Updated: Monday, July 22, 2013, 17:31

Liquefied natural gas (LNG) from the US will cost around USD 10.5 per million British thermal unit and will be the cheapest LNG to have been contracted ever by India.

GAIL wants Australian LNG deal to be renegotiated

Last Updated: Tuesday, July 9, 2013, 18:30

Petronet LNG Ltd, a private firm whose chairman is Oil Secretary, had in August 2009 signed a 20-year deal to buy 1.44 million tons per annum of liquefied natural gas (LNG) at a price equivalent to 14.5 percent of the ruling oil rates.