This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources. Find sources: "Petronet LNG" – news · newspapers · books · scholar · JSTOR(April 2007) (Learn how and when to remove this template message)
Petronet LNG Limited is an Indian oil and gas company formed by the Government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country. It is a joint venture company promoted by the Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOC) and Bharat Petroleum Corporation Limited (BPCL).[3] Petronet LNG Limited, one of the companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal in Dahej, Gujarat, and another terminal in Kochi, Kerala. While the Dahej terminal has a nominal capacity of 17.5 million tonnes per year (equivalent to 70 million cubic metre per day of natural gas at standard conditions), the Kochi terminal has a capacity of 5 million tonnes per year (equivalent to 20 million cubic metre per day of natural gas). Plans to build a third LNG terminal in Gangavaram, Andhra Pradesh were dropped in October 2019.[4]
Formed as a joint venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India's leading oil and natural gas industry players. Its promoters are GAIL (India) Limited (GAIL), Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The authorized capital is Rs. 3,000 crore ($420 million approx).[5]
The company selected Gaz de France as its strategic partner. The company has also signed an LNG sale and purchase agreements with QatarEnergy LNG for the supply of 8.5 MTPA LNG to India.[6]
Petronet LNG Ltd has set up its first LNG terminal in Dahej in Gujarat with the capacity of 15 million metric tons per year. Capacity of Dahej Terminal will expand to 17.5 million tons per year till 2019. Another terminal with capacity 5 million tons per year is commissioned in Kochi (Kerala) and started its operations in August 2013. Petronet LNG is planning to set up its third LNG terminal with capacity 5 million tons per year probably in Andhra Pradesh.
Kochi LNG Terminal is situated in the Special Economic Zone (SEZ) of Puthuvypeen near the entrance to Cochin Port, Kerala. The jetty facility at Kochi terminal is designed to receive LNG tankers of capacity from 65,000 m3 up to 216,000 m3, with possibility of receiving suitable smaller ships.
There are various services offered by Petronet LNG Limited, like regasification, storage and reloading, bunkering, gassing-up and cooling-down facilities and LNG truck loading facilities.
In September 2019, PetroNet signed an MoU with United States-based Tellurian Inc to purchase a stake in the latter's Driftwood project in Louisiana and to import 5 million tonnes of LNG annually. The deal was initially expected to be finalized by 31 March 2020,[7] but the non-binding agreement was instead terminated in November 2020 due to low LNG prices adversely affecting the investment case.[8]
On 6 February 2024, Petronet LNG signed a supply deal with QatarEnergy for 7.5 million metric tons a year of LNG from 2028 to 2048. The agreement was to renew an existing deal with QatarEnergy that expires in 2028 for the same amount of yearly LNG deliveries.[9][10]
^ ab"Petronet LNG Limited : Board of Directors". Petronet LNG. Retrieved 12 November 2020.
PetronetLNG Limited is an Indian oil and gas company formed by the Government of India to import liquefied natural gas (LNG) and set up LNG terminals...
Implements Sales of Remaining LNG to Petronet". www.rigzone.com. Retrieved 29 March 2022. "PetronetLNG Limited : PetronetLNG signs contract with RasGas"...
district. There is 17.5 million tonnes per year capacity LNG terminal operated by Petronet in Dahej. The Port of Dahej is located in the Gulf of Cambay...
using LNG-powered road tankers in Kerala state. In 2017, PetronetLNG began setting up 20 LNG stations on highways along the Indian west coast that connect...
tons of LNG per year for 20 years. On 6 February 2024, QatarEnergy signed a supply deal with PetronetLNG for 7.5 million metric tons a year of LNG from...
Government of Delhi to operate the Delhi City Gas Distribution Project. PetronetLNG, a joint venture company promoted by the Gas Authority of India Limited...
Kochi LNG is a liquefied natural gas (LNG) regasification terminal operated by PetronetLNG in Puthuvype, Kochi, India. The LNG terminal has been constructed...
PetronetLNG Limited of India and PetroChina International Company Limited for the supply of LNG from the Gorgon Project. The agreement with Petronet...
of India. In December 2022, PetronetLNG Ltd, India's largest liquefied natural gas importer, will set up a floating LNG receipt facility at Gopalpur...
Limited (ICSIL) Irrigation and Water Resources Finance Corporation Limited PetronetLNG Pipavav Railway Corporation Ltd. (PRCL) Power System Operation Corporation...
Gas Mangalore Refinery and Petrochemicals Oil & Natural Gas Corporation Oil India PetronetLNG Projects and Development India Ratnagiri Gas and Power...
Petro-Additions Limited ONGC Tripura Power Company Subsidiaries Hindustan Petroleum Imperial Energy Corporation PetronetLNG Website www.ongcindia.com...
popular and successful Super 50 (Engineering) with CSR support from PetronetLNG and Super 30 (Medical) with CSR support from Hindustan Petroleum Corporation...
Ambalamugal is the largest state owned refinery in India. Petronet India has now almost completed Kochi LNG Terminal, for importing and storing natural gas, for...
petroleum projects. LNG Terminal The Kochi LNG Terminal of PetronetLNG Ltd is the first LNG terminal in southern India and the fourth LNG terminal of country...
Persistent Systems Technology Software Nagpur 1990 Software, consulting PetronetLNG Oil & gas Exploration & production New Delhi 1998 Oil & gas Pidilite...
natural gas as the feedstock. GAIL will be supplying LNG for the new power plant from the PetronetLNG Terminal. The power plant is likely to be completed...
Report published in February 2015 on Liquefied Natural Gas importer PetronetLNG. In 2008 the Directorate General of Hydrocarbons, the upstream technical...
Street Journal. July 14, 2003. Retrieved September 3, 2019. "PetronetLNG Eyes More LNG from Qatar". The Wall Street Journal. December 29, 2009. Retrieved...
contract from Bechtel), was backed by Total as well as Vitol and India's Petronet. However, Tellurian ran into trouble toward the end of the decade due to...
exploration activities in Egypt, Yemen, Indonesia, and Australia. Gujarat State Petronet Limited (GSPL) is a natural gas transmission company. It has 2239 km long...
Global Information
₹59,900 crore (US$7.5 billion)(FY23)[2]
₹4,087.04 crore (US$510 million)(FY23)[2]