The Shapoorji Pallonji Group announced the sale of its Brownfield Gopalpur Port to Adani Ports and SEZ for an enterprise value of Rs 33.5 billion.Ā This is the second port divestment in the last few months from the diversified construction and infrastructure, real estate and energy conglomerate. It had earlier divested its Dharamtar Port to...
Tag: Petronet LNG
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Petronet LNG expects 40% capacity utilisation at Kochi terminal by 2019
Petronet LNG expects its 400-km pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in two years, according to Managing Director Prabhat Singh. Petronet LNG is IndiaĆās biggest gas importer.
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Petronet LNG plans $3 billion investment in overseas push
Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Sri Lanka and Bangladesh among other countries. Falling spot LNG prices have boosted consumption of the fuel in India and triggered demand for LNG infrastructure in countries long shut out of the gas trade.
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Russia offers Indian firms stake in Yamal LNG project
Russia has offered Indian oil companies a stake in the second phase of Yamal LNG, the biggest project to produce liquefied natural gas in the Arctic. Petronet LNG, IndiaĆĀ“s biggest natural gas importer, is studying the offer, while other state-owned firms like Indian Oil Corp (IOC) may join in later.
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Petronet LNG contract to be reviewed
Petronet LNG, IndiaĆĀ“s leading gas importer, is in discussions with QatarĆĀ“s RasGas to tweak a decade-old liquefied natural gas (LNG) procurement deal. The Indian firm has been forced to cut down gas volumes from Qatar after the price of fuel bought through this long-term contract has become almost double the spot prices.
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Petronet LNG may drop Kerala project
Petronet LNG has said it may have to drop the LNG pipeline project in Kerala if outstanding procedural issues are not dealt with in a time-bound manner. According to AK Balyan, MD and CEO, the target was to complete the project by 27 May. Even assuming that the Puthuvype terminal operated at only 30 per cent, it would still earn the state Rs 900 crore to Rs 1,000 crore annually.
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Petronet to let out Kochi facility
Petronet LNG is planning to let out its liquefied natural gas (LNG) storage facility at Kochi to an international operator to improve utilisation. The 5-million-tonne-a-year terminal is operating at just 5 per cent of its total capacity posing a heavy burden to the company, as it is not connected with pipelinesĆĀ“ network.
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Petronet gets its maiden cargo at Kochi port
India's largest importer of liquid gas, Petronet LNG has received the maiden cargo liquefied natural gas or LNG at its just constructed Kochi import terminal in Kerala but the ship hasn't been able to dock at the port because of dredging issues. Petronet on August 12 received a ship carrying LNG from Qatar but the ship could not dock at the port. The ship needs a particular level of clear water depth to navigate and dock at the port.
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Petronet LNG Kochi terminal
Petronet LNG may operationalise its Phase-I of the natural gas terminal at Kochi by the end of August 2013. The company, which initially planned to commission the project during March 2013, faced several roadblocks
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GAIL wants Petronet to renegotiate price of Aussie gas
GAIL India wants Petronet LNG to renegotiate the pricing agreement it signed for importing LNG from Australia's Gorgon project. Petronet LNG signed the agreement in August 2009
and under this, the company would import 1.44 million tonne per annum of liquefied natural gas (LNG) at a