|Day's Range||204.40 - 207.45|
|52 Week Range||146.32 - 229.50|
|PE Ratio (TTM)||17.89|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Petronet LNG Ltd. sees a lifeline arriving for its loss-making Kochi liquefied natural gas import terminal by 2019 after it boosts capacity use fourfold.
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.
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.