- Reuters•24 days ago
India's liquefied natural gas (LNG) demand could ease as the government has scrapped subsidies on gas sales to power companies, the chief executive of the country's biggest gas importer said on Wednesday at a gas conference in Japan. India plans to raise the share of gas in its energy mix to 15 percent over the next three years, but a major challenge to that goal is the price sensitivity of Indian consumers. India has for the last two fiscal years been giving discounts on the sale of imported LNG to revive more than 14 gigawatts of stranded power generation capacity that had been hit by domestic gas shortages.
- Reuters•3 months ago
India's biggest gas importer Petronet LNG will cut spot purchases of liquefied natural gas in the next fiscal year as it is getting supplies under a long-term deal with Exxon Mobil Corp for imports from Australia's Gorgon project, the company's chief executive Prabhat Singh said on Thursday. Separately, Petronet LNG's head of finance, RK Garg, said the second LNG cargo from Gorgon is expected to arrive in March. Petronet LNG has a long-term contract with Exxon Mobil to buy about 1.5 million tonnes of super-cooled fuel every year.
- Reuters•9 months ago
Global producers of liquefied natural gas (LNG) are facing a choice they probably didn't anticipate or want, but their response will likely shape the future of their industry. There appear to be increasing moves by major buyers, particularly in Asia, to end long-term, oil-linked price contracts that also feature restrictive destination clauses. What buyers in countries like Japan, India and China have realised is that global oil companies have bet heavily on LNG and have built new plants in excess of even the most optimistic forecasts of likely demand for the next few years.
PETRONET.NS : Summary for PETRONET LNG INR10 - Yahoo Finance
Petronet LNG Limited (PETRONET.NS)
NSE - NSE Real Time Price. Currency in INR
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|Day's Range||420.00 - 429.90|
|52 Week Range||250.00 - 454.50|
|PE Ratio (TTM)||34.23|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|