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Petronet top post: GAIL directors, Oil India Chairman in race

About a dozen candidates, including top directors at gas utility GAIL India and Chairman of Oil India, are in the race to become the Managing Director and CEO of Petronet LNG, the nation's biggest liquid gas importer.

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.

Petronet profit drops 31% on low capacity use at Kochi plant

The company posted a profit of Rs 169.3 crore for January-March compared with Rs 245.14 crore for the quarter ended March 31, 2013, Petronet Chief Executive Officer A K Balyan told reporters here.

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.

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.

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 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 take 26% stake in LNG shipping venture

Petronet is building a 5 million tonne per annum capacity LNG import facility at Kochi.

No decision on GAIL's buying ADB stake in Petronet: Oil Min

The government has not taken a call on allowing state-owned gas utility GAIL India Ltd to buy Asian Development Bank's 5.2 percent stake in Petronet LNG.

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.

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).

Petronet posts its highest profit of Rs 315 cr for Jul-Sep

Petronet LNG Friday reported its highest quarterly profit at Rs 315 crore in the July-September period on back of better margins and operational efficiency.

Petronet LNG Q1 net rises 5% to Rs 270.8 cr

The company imports natural gas in its liquid form (LNG) in cryogenic ships and then turns it back into its gaseous state before supplying to consumers.

Qatar firm has assured uninterrupted LNG supply: Petronet

The Qatar-based firm contracted to supply liquefied natural gas (LNG) to Petronet LNG Ltd has assured to continue the supply despite tension building up in the Gulf region over Iran's nuclear programme, a top executive of the Indian company said on Thursday.

Petronet LNG Q3 up 73% at Rs 295.38 cr

Petronet LNG Ltd, the nation's largest liquefied natural gas importer, on Friday reported a 73 per cent rise in net profit in third quarter ended December 31 on back of increased imports.

Petronet may acquire up to 10% stake in OPaL

Liquefied gas importer, Petronet
LNG Ltd (PLL), is keen to acquire up to 10 per cent stake in
ONGC Petro-additions Ltd (OPaL), which is setting up a cracker
complex in Gujarat, a senior ONGC official said.

Petronet LNG likely to launch FPO or rights issue in 2011-12

The country`s largest Liquefied Natural Gas importer, Petronet LNG Ltd, may come out with a USD 100 million follow-up public offer or a rights issue in 2011-12 to part fund a 1,200-MW power plant, to be set up at Dahej in Gujarat.