Petronet LNG Ltd

Petronet LNG Ltd, GAIL India Ltd and Indian Oil Corp are in talks with suppliers in the US, Qatar and the UAE for deals that last for 20 years

Petronet LNG earnings estimate cut by 4-10 per cent for FY24-25 due to a cut in volumes

However, the consolidated total income of India’s largest liquefied natural gas (LNG) importer rose 25 per cent to ₹14,005 crore

Spot LNG prices have softened to around $20-22 per million British thermal units in Q4 FY23, from around $35 per mBtu in previous quarters, which is expected to shore up margins

Traders can go long in Petronet LNG at the current level of ₹236.8.

Petronet LNG has tied-up with Gopalpur Ports for the ₹2,306 crore 4 mtpa facility

High prices of LNG impacted volumes

‘Suitable peaking power policy for using RE-gas bundled model is required for nudging utilities to purchase RE-gas power to serve customers 24x7’

India’s natural gas consumption was around 24 million tonnes per annum in FY22

India’s largest gas importer Petronet LNG posts ed its highest ever turnover of ₹14,264 crore in Q1 FY23

On an annual basis, the net profit of the country’s largest gas importer rose 24 per cent from Rs 638 crore in Q4 FY21