Petronet LNG Ltd is an Indian oil and gas company formed by the government of

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

to import

liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volu ...

(LNG) and set up LNG terminals in the country. It is a joint venture company promoted by the

Gas Authority of India Limited Gail may refer to: People *Gail (given name), list of notable people with the given name Surname * Jean-Baptiste Gail (1755–1829), French Hellenist scholar * Max Gail (born 1943), American actor * Sophie Gail (1775–1819), French singer and ...

(GAIL),

Oil and Natural Gas Corporation The Oil and Natural Gas Corporation (ONGC) is a central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the ...

Limited (ONGC),

Indian Oil Corporation Indian Oil Corporation Limited (IOCL; d/b/a IndianOil) is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. It is a public sector unde ...

Limited (IOC) and

Bharat Petroleum Bharat Petroleum Corporation Limited (BPCL) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is In ...

Corporation Limited (BPCL). 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 Terminal may refer to: Computing Hardware * Terminal (electronics), a device for joining electrical circuits together * Terminal (telecommunication), a device communicating over a line * Computer terminal, a set of primary input and output devic ...

Kochi Kochi (), also known as Cochin ( ) ( the official name until 1996) is a major port city on the Malabar Coast of India bordering the Laccadive Sea, which is a part of the Arabian Sea. It is part of the district of Ernakulam in the state of K ...

, Kerala. While the Dahej terminal has a nominal capacity of 17.5 million

tonne The tonne ( or ; symbol: t) is a unit of mass equal to 1000 kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton to distinguish it from the non-metric units of the short ton ( United State ...

s per year (equivalent to 70 million cubic metre per day of natural gas at

standard conditions Standard temperature and pressure (STP) are standard sets of conditions for experimental measurements to be established to allow comparisons to be made between different sets of data. The most used standards are those of the International Union o ...

), 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 Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the ...

were dropped in October 2019. 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). The company selected

Gaz de France Gaz de France (GDF) was a French company which produced, transported and sold natural gas around the world, especially in France, its main market. The company was also particularly active in Belgium, the United Kingdom, Germany, and other Europea ...

as its strategic partner. The company has also signed an LNG sale and purchase agreements with

Qatargas Qatargas is the world's largest liquefied natural gas (LNG) company. It produces and supplies the globe with 77 million metric tonnes of LNG annually from across its seven ventures—Qatargas 1, Qatargas 2, Qatargas 3, Qatargas 4, RL1, RL2 a ...

for the supply of 8.5 MTPA LNG to India. Petronet LNG Ltd has set up its first LNG terminal in

Dahej Dahej is a cargo port situated on the South-west coast of Gujarat, India in Bharuch district. There is 17.5 million tonnes per year capacity LNG terminal operated by Petronet in Dahej. Port Information General The Port of Dahej is located in t ...

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

with the capacity of 15 million

metric ton The tonne ( or ; symbol: t) is a unit of mass equal to 1000 kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton to distinguish it from the non-metric units of the short ton (United States c ...

s 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

(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 Louisiana , group=pronunciation (French: ''La Louisiane'') is a state in the Deep South and South Central regions of the United States. It is the 20th-smallest by area and the 25th most populous of the 50 U.S. states. Louisiana is borde ...

and to import 5 million tonnes of LNG annually. The deal was initially expected to be finalized by 31 March 2020, but the non-binding agreement was instead terminated in November 2020 due to low LNG prices adversely affecting the investment case.

Listings and shareholding

References

# http://economictimes.indiatimes.com/petronet-lng-ltd/stocks/companyid-4495.cms # http://economictimes.indiatimes.com/industry/energy/oil-gas/petronet-eyes-26-per-cent-stake-in-iocs-lng-terminal-at-ennore/articleshow/60006188.cms

External links

Official website

Petronet LNG on BSE India
{{Energy companies and organizations in India Oil and gas companies of India Liquefied natural gas terminals Companies based in New Delhi Natural gas companies of India Indian companies established in 1998 1998 establishments in Delhi Companies listed on the Bombay Stock Exchange