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Petronet to raise Rs 1,000 crore through bonds issue

Petronet LNG Ltd, India's biggest liquefied natural gas importer, will raise Rs 1,000 crore through bonds issue this fiscal mostly to pay off its existing debt.

Petronet CEO not to get extension; Oil Min looks for new CEO

The Oil Ministry has decided not to extend tenure of Petronet LNG Ltd's CEO A K Balyan till his superannuation in July 2016 and has instead begun search for the new head of the India's largest liquefied natural gas (LNG) importing firm.

Australian LNG to cost nearly half the price of Qatar gas

India will start importing natural gas (LNG) from Australia by end of the year at a rate which will be about 40 percent less than the price of its current shipments from Qatar on a long-term contract.

Petronet, Shell, Mitsui shortlisted for Bangla LNG terminal

Petronet LNG Ltd, India's biggest importer of liquefied natural gas (LNG), is among five global energy firms that have been shortlisted for setting up an LNG import terminal in Bangladesh.

HPCL to take 8% stake in Petronet's Gangaravam LNG terminal

State-owned Hindustan Petroleum Corp Ltd (HPCL) may pick up 8 per cent stake in Petronet LNG Ltd's Rs 5,000 crore liquefied natural gas (LNG) terminal at Gangavaram in Andhra Pradesh.

Petronet pays CEO, directors Rs 15 lakh each in commission

Petronet LNG Ltd (PLL) has paid a commission-on-profit of Rs 15 lakh each to its chief executive A K Balyan and two other whole-time directors, besides paying Rs 5 lakh each to two former oil PSU executives who are on its board as independent directors.

HPCL to buy 11-15% stake in Petronet's east coast terminal

State-owned Hindustan Petroleum Corp Ltd is likely to buy 11-15 percent stake in Petronet LNG Ltd's Rs 5,000 crore LNG import terminal on the east coast.

Petronet invites bids to lease out LNG storage tanks at Kochi

To make Kochi an economically viable proposition, Petronet has invited bids to lease out two liquefied natural gas (LNG) storage tanks for two years.

Petronet to lease out half of Kochi terminal

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

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.

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

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.

Petronet wants IOC to drop Ennore LNG terminal

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

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

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

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

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.

Petronet considering LNG imports from US, Canada

Petronet LNG Ltd is India's biggest importer of gas in its liquid form.

Petronet leases out capacity at Dahej terminal to GSPC

Petronet LNG Ltd, the nation's largest liquefied natural gas importer, has leased out 2.25 million tonnes per annum capacity at its Dahej terminal in Gujarat to Gujarat State Petroleum Corp (GSPC).

IGL keen to buy ADB stake in Petronet LNG

Indraprastha Gas Ltd is keen to buy Asian Development Bank's 5.2 percent stake in Petronet LNG Ltd, the nation's largest liquefied natural gas importer.

ADB's 5.2% stake in Petronet offered to Qatar

India has offered Qatar a 5.2 percent stake that Asian Development Bank (ADB) held in Petronet LNG Ltd, the nation's largest liquefied natural gas importer.