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

Last Updated: Wednesday, May 21, 2014, 13:20

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 profit drops 31% on low capacity use at Kochi plant

Last Updated: Wednesday, April 30, 2014, 23:31

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

Last Updated: Monday, April 21, 2014, 20:50

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

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

Last Updated: Wednesday, April 02, 2014, 19:35

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.

Petronet to lease out half of Kochi terminal

Last Updated: Sunday, February 02, 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.

ADB to give $150 mn loan to Petronet

Last Updated: Tuesday, December 17, 2013, 19:19

Petronet, the nation's largest importer of gas in its liquid form (liquefied natural gas or LNG), is expanding its 10 million tonne per annum Dahej terminal to 15 million tonnes at an estimated cost of about Rs 2,950 crore by end 2016.

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 09, 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 04, 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.