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Petronet buys 26% stake in LNG vessel for Rs 100 crore

Petronet buys 26% stake in LNG vessel for Rs 100 crore

 Petronet LNG Ltd, India's largest liquefied natural gas importer, has bought a 26 percent stake in the shipping consortium that built its biggest LNG ship to transport gas form from Australia.

Petronet LNG plans $3 billion investment push overseas

Petronet LNG plans $3 billion investment push overseas

India's biggest gas importer Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Bangladesh and Sri Lanka among other countries, its managing director said.

Prabhat Singh takes over as MD & CEO of Petronet LNG

Prabhat Kumar Singh Monday took over as the new Managing Director and CEO of Petronet LNG Ltd, India's biggest liquefied natural gas importer.

A K Balyan to head Reliance Group's Oil & Gas Business

Ashok Kumar Balyan, former chief executive of Petronet LNG Ltd, has joined Anil Ambani-led Reliance Group as CEO of its Oil & Gas Business.

Oil Ministry reverts back to promoters selecting CEO of Petronet

The Oil Ministry has reverted back to the mechanism of promoters selecting CEO of Petronet LNG after it scrapped an ad-hoc search committee formed under the previous Petroleum Secretary.

Selection for Petronet CEO starts again

Petronet LNG Ltd on Tuesday issued advertisement seeking applications from persons holding director-level position in public and private sector energy companies by July 15.

Rs 400 cr loss to Petronet LNG last fiscal

Petronet LNG has suffered a loss of Rs 400 crore in the last fiscal due to difficulties in getting land for laying pipelines for connecting the Rs 4,000-crore Kochi LNG terminal with demand centres in Karnataka, a top official said Sunday.

Petronet MD & CEO selection process to start afresh

The selection of a new head of India's biggest LNG importer, Petronet LNG will start afresh after a headhunting panel failed to arrive at a consensus on candidates.

Petronet offers 'gassing up' services at Kochi terminal

After leasing out storages at its under-utilised Kochi terminal, Petronet LNG has started offering services to LNG ships in a bid to generate revenue from different streams to tied over losses.

Prabhat Singh, PK Bajpai among 13 in race to head Petronet LNG

A Search Committee will hold interviews to select the new MD and CEO tomorrow, industry sources said.

ADB sells entire stake in Petronet LNG for Rs 714.5 cr

ADB sold 3.9 crore shares of India's largest liquefied natural gas importer to CitiGroup and HDFC Mutual Fund at Rs 183.20 per share.

Oman keen to buy 20% stake in Petronet's LNG terminal

Petronet, India's largest importer of liquid gas, is building a 5 million tonne a year LNG terminal at Gangavaram in Andhra Pradesh that is expected to be ready by 2018.

EAC defers clearance of Petronet's LNG project

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.

First shipment of LNG for Petronet terminal arrives

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

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 LNG plans to raise Rs 600 cr via NCD

"We will raise Rs 600 crore through non-convertible debenture (NCD) to fund the capex towards construction of a second jetty and additional storage/regasification facilities at the Dahej terminal," Petronet Director (Finance) R K Garg said here.

Probe Rs 27,000 cr loss in Petronet deal: Former Secretary

As per the contract, Qatar was to supply 7.5 million tonnes of rich gas containing compounds like propane and butane from which LPG and other petrochemicals can be produced.

Appointment of Oil Secretary as Petronet Chairman questioned

Ahead of new Oil Secretary Vivek Rae taking over as Chairman of Petronet LNG Ltd, a member of the Parliamentary Standing Committee on Petroleum & Natural Gas has questioned the rule under which the top government functionary is appointed head of a private company.

Petronet LNG net up 8% at 319 cr

Net profit in October-December quarter at Rs 318.50 crore was 8 percent higher than Rs 314.79 crore in the same period a year ago, Petronet Director (Finance) R K Garg said.

Qatar Petroleum keen to buy stake in Petronet LNG

Qatar Petroleum, the Persian Gulf country's state-run energy firm, has majority stakes in RasGas and QatarGas that along with other liquefied natural gas (LNG) suppliers in the world compete to sell fuel to India.