Petronet LNG

Petronet LNG's board approved the appointment of Sanjay Kumar as managing director and chief executive with effect from 13 May 2027. Kumar was director (marketing) at GAIL (India) Ltd, one of the company's four promoter shareholders. The decision was taken at a board meeting on 2 October 2026. Petronet operated LNG regasification terminals at Dahej with 22.5 million tonnes per annum of capacity and at Kochi with 5 million tonnes. It reported consolidated revenue of about Rs43,495 crore in FY26 from its single natural gas business. About 97% of its sales went to promoter off-takers GAIL, Indian Oil, Bharat Petroleum and ONGC.

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Oct 2 (Reuters) - Petronet LNG Limited PLNG.NS:

• PETRONET LNG LTD - APPOINTS SANJAY KUMAR AS MD AND CEO

Source text: ID:nnAZN4TN6EZ

Further company coverage: PLNG.NS

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Recasts, adds more comments from South Asian companies' executives

By Florence Tan and Emily Chow

BANGKOK, Sept 15 (Reuters) - LNG demand from China, India and Pakistan is likely to rebound from multi-year lows once the Middle East supply crunch ends and new supplies emerge, industry executives say, reversing a pick-up in coal and oil to replace gas during the U.S.-Iran war.

The conflict has prevented Qatar and the United Arab Emirates from exporting most of their LNG via the Strait of Hormuz, through which a fifth of global supplies used to pass, driving up prices.

Shell SHEL.L, the world's biggest LNG trader, estimates the world has lost about 36 million tons of LNG from the Middle East so far this year, President for Integrated Gas Cederic Cremers said.

Asia's spot prices have surged to nearly $30 per million British thermal units from a pre-war range around $10 per MMBtu, as the region competes for alternative supplies.

Sky-high prices are "definitely impacting" demand in India, GAIL GAIL.NS Chairman Deepak Gupta said at the Gastech conference in Bangkok, where "a lot of sectors... are price sensitive".

"There are many industries which switch over to different fuels in case gas is not viable for them," said Gupta, who heads India's top natural gas distributor by market share.

Both GAIL and PetroChina 601857.SS, China's top LNG importer, have deployed their trading teams to source alternative cargoes to replace Qatari and Emirati supplies.

The CEO of India's top gas importer Petronet LNG said consumers are seeking price stability.

"Affordability is a major challenge," said Akshay Kumar Singh. "There is no doubt there is demand, only it is price-sensitive demand."

In neighbouring Pakistan, the CEO of importer Pakistan LNG also expects more demand if the price is right. "That could happen with additional volumes coming online," said Masood Nabi.

While solar buildouts have helped Pakistan cope with power cuts in recent years, there is still gas demand from other sectors as well as households, he added.

DEMAND DESTRUCTION NOT PERMANENT

GAIL's Gupta said India had had to limit gas consumption initially, but resumed supplies to almost 90% to 95% as it ramped up its capability to buy LNG from elsewhere.

ExxonMobil XOM.N, GAIL and PetroChina executives expect consumption to rebound once prices fall.

"We are hoping that all this is very short-term, and in the coming days, in mid-term and long-term, things will become normal," Gupta said, adding that there may be about 150 million to 200 million tons of LNG coming online in the next four to five years.

PetroChina International CEO Luo Yizhou expects demand from gas-fired power plants to rebound once LNG prices return to a "normal" range of $7 to $9 per MMBtu, citing strong growth in electricity consumption.

Exxon expects substantial LNG demand growth in China over the long term, with extensive import infrastructure built along the country's east coast, its vice president for global LNG marketing Andrew Barry told Reuters on the conference sidelines.

The company remains confident in the diversification of its LNG portfolio, which includes interests in the U.S., Mozambique, Qatar, Papua New Guinea and Australia. It continues to look at new opportunities with a focus on cost of supply.

"We still have an extremely bullish demand forecast out through to 2050," Barry said.

(Reporting by Florence Tan, Emily Chow and Helen Clark; Writing by Florence Tan and Jeslyn Lerh; Editing by Sonali Paul and Jan Harvey)

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Aug 13 (Reuters) - Petronet LNG Limited PLNG.NS:

• INDIA'S PETRONET LNG EXEC: QATAR HAS INTIMATED FORCE MAJEURE ON LNG SUPPLIES UNTIL THE END OF AUGUST

• PETRONET LNG EXEC: 56 QATARI LNG CARGOES AFFECTED DUE TO FORCE MAJEURE

• PETRONET LNG EXEC: QATAR IS INTIMATING FORCE MAJEURE ON A MONTH-TO-MONTH BASIS

• PETRONET LNG EXEC: AS OF NOW THERE IS NO DEFINITE PLANS ON LNG SUPPLIES FROM QATAR FOR SEPT

• PETRONET LNG EXEC: QATAR LNG DEAL ALLOWS RECEIPT OF DELAYED CARGOES BY APRIL 2028

Source text: [ID:]

Further company coverage: PLNG.NS

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Aug 12 (Reuters) - Petronet LNG Limited PLNG.NS:

• PETRONET LNG JUNE-QUARTER CONSOL PAT 11.08 BILLION RUPEES

• PETRONET LNG JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 55.58 BILLION RUPEES

Source text: ID:nBSE6q225P

Further company coverage: PLNG.NS

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May 5 (Reuters) - Petronet LNG Ltd PLNG.NS:

• INDIA PETRONET LNG EXEC SAYS EXPECT QATAR ENERGY SUPPLIES TO RESUME IN JUNE IF MIDDLE EAST CRISES EASE

• INDIA PETRONET LNG EXEC: IN TALKS WITH QATAR ENERGY TO SUPPLY CARGOES HIT BY FORCE MAJEURE IN THIS YEAR

• INDIA PETRONET LNG EXEC: SEES FY27 CAPEX AT 90 BILLION RUPEES, FY28 COULD BE 10% HIGHER

• INDIA PETRONET LNG EXEC: OPERATING DAHEJ TERMINAL AT AROUND 53% CAPACITY

Further company coverage: PLNG.NS

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By Nidhi Verma

NEW DELHI, May 4 (Reuters) - India's top gas importer Petronet LNG PLNG.NS expects to receive its full contracted amount of liquefied natural gas from Qatar once the geopolitical situation in the Middle East stabilises, chief executive A. K. Singh said on Monday.

Qatar, India's largest LNG supplier, has a contract to supply 7.5 million metric tons per year of LNG to Petronet, equivalent to 9-10 cargoes per month.

However, supplies were halted in March following the closure of the Strait of Hormuz, while Iran struck two of Qatar's 14 LNG production trains, forcing it to declare force majeure.

Qatar has said repairs will sideline 12.8 million tons per year of LNG for three to five years.

Singh said Petronet had not been receiving cargoes from the trains that were damaged in attacks.

"We hope and expect our supplies will not be cut," Singh told a press conference, adding that Qatar had notified the company of force majeure for May deliveries.

Petronet is building three new LNG storage tanks - two at a new import terminal in eastern India and one at Kochi terminal in the south - and Singh added that it is also scouting for land to build four additional tanks near its 22.5 million ton per year Dahej terminal in western Gujarat state.

(Reporting by Nidhi Verma; Editing by Kirsten Donova)

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April 22 (Reuters) -

• INDIA GOVERNMENT OFFICIAL: COMMISSIONING PERMISSION GRANTED TO PETRONET LNG FOR EXPANDED DAHEJ LNG TERMINAL

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April 1 (Reuters) - Petronet LNG Ltd PLNG.NS:

• PETRONET LNG LTD - COMMISSIONED EXPANSION OF DAHEJ LNG TERMINAL TO 22.5 MMTPA ON MARCH 31, 2026

Source text: ID:nBSE1K29TZ

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Recasts with comments from oil ministry

By Nidhi Verma

March 19 (Reuters) - India, the world's fourth-largest refiner, will review its fuel exports if needed to ensure availability in the local markets, a government official said on Thursday, amid global disruption and soaring oil prices stemming from the Iran war.

"Domestic consumption is priority, and the government will review (the export plan)," Sujata Sharma, a joint secretary in the federal petroleum ministry told a news conference.

India has ordered oil and gas companies to share full details of exports, imports and inventories with a government agency, as the South Asian nation seeks to shield consumers from shortages.

India has designated the Petroleum Planning and Analysis Cell to compile the information and all companies must share information regardless of any confidentiality obligations.

India has been hit hard by the jump in crude prices and disruption in oil and gas supplies, but unlike China it has not moved to ban exports of refined fuels.

The data will help India in taking faster and "more targeted interventions such as imposing export restrictions or calibrating export flows to meet its own energy security", said Prashant Vashisth, vice president at Moody's affiliate ICRA.

He said India can use its excess refining capacity to prioritise fuel supply to friendly or strategically aligned countries after meeting its local demand.

"Nowadays buyers are willing to pay a higher price. The question is of availability, which is beginning to outweigh prices," Vashisth said.

Any move to curtail fuel exports by India will hit Reliance Industries RELI.NS, the operator of the world's biggest refining complex, as other refiners have largely stopped exporting fuels.

All companies involved in the oil and gas supply chain including oil producers, importers, refiners, fuel and gas retailers, liquefied natural gas importers, pipeline operators, and petrochemical plants were ordered to provide PPAC with data.

India, the world's third-biggest oil importer and consumer, meets over 90% of its oil needs through purchases from overseas.

So far the federal government has said there are adequate crude supplies and refined fuel stocks to meet local demand.

However, the world's second-largest LPG importer is facing its worst cooking gas crisis in decades with shipments from the Strait of Hormuz almost halted due to the war.

India was sourcing more than 40% of its crude imports and 90% of its liquefied petroleum gas imports from the Middle East.

Indian refiners have bought millions of barrels of Russian oil floating on the high seas after Washington granted a sanctions waiver.

The country has invoked emergency powers ordering refiners to maximise production of LPG and cut sales to industry to avoid a shortage for its 333 million homes with LPG connections.

India last week asked consumers to avoid panic buying of LPG cylinders and shift to piped natural gas where possible.

(Reporting by Akanksha Khushi in Bengaluru; Editing by Andrew Cawthorne, Deepa Babington, Kevin Buckland, Alexandra Hudson)

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By Neha Arora

NEW DELHI, March 16 (Reuters) - Mounting gas shortages have disrupted operations at some steel plants of India's top metals conglomerate JSW Group, with one unit facing a potential shutdown in the coming days, according to an internal note seen by Reuters.

India, the world's second-largest crude steel producer, is facing its worst gas crisis in decades after the Middle East conflict disrupted supply routes.

JSW said in the note that disruptions to fuel supplies and maritime operations were starting to affect its operational stability and supply chain. As a result JSW Steel Coated Products risked missing sales and supply obligations for tinplate under the government's production-linked incentive scheme and has requested a six-month extension, it added.

"JSW has also received force majeure notice from one of its key suppliers - Petronet LNG Ltd owing to Middle East crisis affecting LNG shipment," the note said.

JSW did not immediately respond to a request for comment.

HUGE ADVERSE IMPACT

In a separate letter, also seen by Reuters, to the federal steel secretary dated March 7, the Indian Steel Association said a shortfall of propane and liquefied petroleum gas affected the entire value chain and would have a "huge adverse impact" on steel-based micro, small and medium enterprises and their ancillary units, which employ a large workforce.

JSW Steel JSTL.NS, Tata Steel TISC.NS and state-run Steel Authority of India SAIL.NS are among the ISA's members.

India has invoked emergency measures, restricting natural gas use to priority sectors after liquefied natural gas shipments through the Strait of Hormuz were disrupted by the conflict.

The ISA has asked the government to fast-track subsidised spot imports from non-Middle East sources and ensure priority allocation to steel and allied industrial clusters.

The steel association did not immediately respond to a request for comment.

India's small steel producers have warned of production halts because of gas shortages, Reuters reported last week.

(Reporting by Neha Arora; editing by Mayank Bhardwaj, Kirsten Donovan)

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By Sethuraman N R

NEW DELHI, March 10 (Reuters) - India will likely lean more on its coal capacity to meet peak power demand this summer as liquefied natural gas supplies tighten after shipping disruptions linked to the U.S.-Israeli war on Iran hit exports from major producers, two industry officials said.

New Delhi typically pushes power plants to ramp up generation during the April-June summer months, including costly gas-fired generation, to meet surging electricity demand and subsidises the cost for companies to shield customers from higher prices.

But so far the government has received no bids from power companies to supply 12,000 megawatt-hour of gas-based power for the summer months, an official with knowledge of the matter said. The tender will close in the next two days.

A second official said the power ministry is looking to bring coal plants out of planned outages and advising generators to avoid shutdowns during the peak summer months.

Top utility NTPC NTPC.NS has already told India's grid regulator it will not be able to supply gas-fired power during the April–June summer months, two company sources said.

NTPC and the federal power ministry did not respond to Reuters emails seeking comment.

EMERGENCY PROVISIONS

India has invoked emergency provisions and declared force majeure, reprioritising natural gas supplies to key sectors such as households and fertiliser plants.

India's Petronet LNG Ltd PLNG.NS, the country's top gas importer, has also issued a force majeure notice to customers including top power suppliers GAIL (India) Ltd, Indian Oil Corp IOC.NS and Bharat Petroleum Corp BPCL.NS after supplies from Qatar and Abu Dhabi National Oil Company were halted.

The country has about 20 gigawatts (GW) of gas-based generation capacity, which typically operates at 6-10% utilisation due to costly LNG, but rises to about 30% during the summer months.

Even if peak demand reaches 250–260 GW this summer, India is unlikely to face material power cuts given ample coal, lignite, nuclear, hydro and wind capacity, said Gautam Shahi, senior director at Crisil Ratings.

India relies on coal power for nearly 75% of its power generation.

"India's thermal coal market is seeing steady import demand, particularly for coal grades used by power producers," said Vasudev Pamnani, director at Gujarat-based coal trader i-Energy Resources.

(Reporting by Sethuraman NR; Editing by Saad Sayeed)

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March 5 (Reuters) - Petronet LNG Ltd PLNG.NS:

• RECEIVES FORCE MAJEURE NOTICE FROM QATARENERGY

• ISSUED CORRESPONDING FORCE MAJEURE NOTICES TO ITS OFF-TAKERS, GAIL, IOCL AND BPCL

• IMPACT OF FORCE MAJEURE CANNOT BE ESTIMATED AT THIS POINT OF TIME

Source text: ID:nBSE6HYW9T

Further company coverage: PLNG.NS

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NEW DELHI, March 4 (Reuters) - India's top gas importer Petronet LNG Ltd PLNG.NS has issued a force majeure notice to its supplier QatarEnergy and local buyers as its vessels are unable to reach Ras Laffan load port due to the crisis in the Middle East, it said in an exchange filing on Wednesday.

The U.S.-Iran conflict has disrupted fuel shipments in the region. Transit through the Strait of Hormuz between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas, has ground to a near-halt after some vessels in the area were hit.

Due to the prevailing security situation and the material risks posed to maritime navigation, Petronet has issued a Force Majeure Notice to QatarEnergy for its LNG tankers Disha, Raahi, and Aseem, it said in the notice issued late Tuesday.

Petronet has also issued force majeure to its customers GAIL (India) Ltd GAIL.NS, Indian Oil Corp IOC.NS (IOCL), and Bharat Petroleum Corp BPCL.NS.

QatarEnergy has also issued a notice to Petronet "indicating a potential event of Force Majeure due to the hostilities prevailing in the region", the Indian company said.

Indian gas suppliers GAIL and Indian Oil Corp have already reduced gas supplies to industries including fertiliser plants, Reuters reported on Tuesday.

(Reporting by Nidhi Verma; Editing by Nivedita Bhattacharjee)

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By Emily Chow and Sudarshan Varadhan

SINGAPORE, March 3 (Reuters) - India began rationing natural gas on Tuesday while countries around Asia looked to the spot market to replace supplies, activated emergency plans and prepared to step up production, as the conflict in the Middle East curtailed shipping and halted Qatari output.

Government officials and company executives in Japan, Taiwan, Bangladesh and Pakistan said they did not expect an immediate impact as some cargoes due this month had already arrived, but they would diversify their import sources and buy liquefied natural gas (LNG) from the spot market if the war drags on.

LNG buyers in Asia account for more than 80% of shipments from Qatar, the world's No. 2 producer after the U.S., according to data from analytics firm Kpler.

In India, gas firms on Tuesday reduced supplies to companies in anticipation of tighter supply from the Middle East after Qatar halted production, Reuters reported.

Taiwan, which generates more than 40% of its electricity from LNG and imports a third of its supply from Qatar, will buy more from the U.S. and could coordinate with South Korea and Japan if a shipping blockade stretches on, its economy ministry said on Tuesday.

"We will continue moving in the direction we have been pursuing all along: obtaining sufficient quantities of energy through diversified markets," Taiwan Premier Cho Jung-tai said, adding that an "emergency response mechanism" had been activated to deal with the Qatari supply disruption.

Japan, which is the world's No. 2 LNG importer and sources 4% of its gas from Qatar, could tap the spot market or have utilities buy from each other if needed, its trade minister said.

SOUTH ASIA LNG SUPPLY

In Bangladesh and Pakistan, industry officials likened the situation to the aftermath of Russia's 2022 invasion of Ukraine, when LNG prices spiked and supply was disrupted, causing prolonged power outages.

While Pakistan's significant solar generation will prevent daytime power cuts, Bangladesh is at risk of shortages and may need to increase coal and power imports from India, industry experts said.

A senior official at state-run Petrobangla said a prolonged disruption would pressure power generation and industrial output as the peak summer season approaches.

So far, four out of Bangladesh's nine scheduled Qatari cargoes for March have crossed through the Strait of Hormuz, the official said, adding that Dhaka may seek to acquire spot cargoes.

"The real question is where prices will go," the executive said. "Prices could rise manyfold and frankly, we simply cannot afford that."

Benchmark Asian LNG prices rose as much as nearly 40% on Monday, while benchmark European wholesale gas prices closed around 35% to 40% higher.

Pakistan, which receives nearly all of its LNG from Qatar, plans to increase domestic natural gas production and reduce regasification rates at its terminals, industry officials said.

Unlike other Asian countries, delivery delays could help Pakistan, where a LNG glut has forced local gas extraction companies to curtail output and drained its forex reserves.

(Reporting by Emily Chow and Sudarshan Varadhan in Singapore, Ben Blanchard and Emily Chan in Taipei, Ariba Shahid in Karachi, Ruma Paul in Dhaka, Yoshifumi Takemoto and Jekaterina Golubkova in Tokyo, Nidhi Verma in New Delhi; Writing by Sudarshan Varadhan; Editing by Thomas Derpinghaus)

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By Nidhi Verma

NEW DELHI, Feb 12 (Reuters) - India will buy U.S. liquefied natural gas if it is offered at reasonable rates, the head of the country's top gas importer Petronet LNG PLNG.NS said on Thursday, as New Delhi looks to boost imports from Washington.

U.S. President Donald Trump last week said he will slash tariffs on imported Indian goods to 18% from 50%, easing concerns in India, but in exchange asked New Delhi to more than double its annual imports from the United States.

Bilateral trade was $132 billion in 2024-2025, with a roughly $41 billion surplus in India's favour.

"India is looking to source energy at the most competitive and affordable price for consumers," Akshay Kumar Singh said at a press conference, adding that consumers would use gas if "the prices are reasonable" compared to other fuels.

INDIA LOOKS TO INCREASE GAS USE IN ENERGY MIX

India has about 27,000 megawatts of gas-fired power generation capacity, but plants are operating at less than a quarter of that capacity due to a shortage of gas available at "affordable prices", Singh said.

India's stated intention to buy $500 billion worth of U.S. goods over five years under a trade deal with Washington is drawing scepticism, with economists warning it could distort commercial procurement and sharply reshape the trade balance.

The appetite for liquefied natural gas in the world's most populous nation is set to rise in the coming years, driven by demand across the fertiliser, city gas, refining, and power sectors.

India is the world's fourth-largest buyer of LNG and is seeking to raise the share of gas in its energy mix to 15% by 2030 from around 6% at present.

Petronet, which buys gas from Qatar and Australia, is exploring deals to lock in more long-term deals as it expands the capacity of its existing plant and builds a new import terminal on the east coast.

LNG prices are expected to stabilise as more capacities are added globally, Singh said.

(Reporting by Nidhi Verma; Editing by Joe Bavier)

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Repeats story with no changes to text

By Mohi Narayan and Nidhi Verma

SOUTH GOA, INDIA, Jan 30 (Reuters) - A rare combination of rising fuel demand and expanding refining capacity is drawing global commodity traders to India, with firms such as Trafigura seeking long-term partnerships with state oil companies.

As consumption growth slows in most major economies, trading firm executives told the India Energy Week conference that they see opportunities across crude, refined fuels and liquefied natural gas (LNG).

"We see massive opportunities in India," said Sachin Gupta, chief executive of Trafigura India, pointing to strong demand for diesel, gasoline and liquefied petroleum gas and adding that India would be buying "a lot" of liquefied natural gas.

Gupta expects Indian oil demand to reach closer to 9 million barrels per day by 2050, from about 5 million barrels per day currently.

On Friday, Trafigura said it signed a "landmark crude supply agreement" with Bharat Petroleum Corp to supply Iraqi Basrah and Omani crude to the Indian state refiner. BPCL also signed a term agreement with TotalEnergies TTEF.PA for the procurement of UAE crude.

GROWING DEMAND

Indian Oil Corp (IOC), the country's largest refiner, last year signed a five-year import deal with Trafigura to buy 2.5 million metric tons of LNG in a deal valued at $1.3 billion-$1.4 billion.

IOC's head of marketing, S.P. Srivastava told reporters at the conference that the company expects annual diesel demand to grow by 2-3% and gasoline demand to rise by 5-6% by 2030.

It signed a preliminary agreement with Paris-based Engie at India Energy Week for LNG and other natural gas trading opportunities in the Asia-Pacific region, IOC Chairman A.S. Sahney said.

Top gas importer Petronet LNG forecasts LNG imports will rise to 28 million-29 million tons in 2026, from about 25.5 million tons last year.

Trading giant Vitol expects most of India's refinery output to be absorbed domestically.

"There is 500,000 (barrels per day) of refining capacity coming online," said Kieran Gallagher, Vitol's Asia head. "Outside...summer seasonality and exports, largely the products derived from that capacity are going to be consumed within the country itself."

Opportunities for traders also extend to petrochemicals, where supply remains structurally short despite government estimates that production will rise by 29.62 million tons to 46 million tons by 2030.

(Reporting by Mohi Narayan and Nidhi Verma; additional reporting by Anjana Anil and Tanay Dhumal; editing by Mayank Bhardwaj, Kirsten Donovan)

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By Mohi Narayan and Nidhi Verma

SOUTH GOA, INDIA, Jan 30 (Reuters) - A rare combination of rising fuel demand and expanding refining capacity is drawing global commodity traders to India, with firms such as Trafigura seeking long-term partnerships with state oil companies.

As consumption growth slows in most major economies, trading firm executives told the India Energy Week conference that they see opportunities across crude, refined fuels and liquefied natural gas (LNG).

"We see massive opportunities in India," said Sachin Gupta, chief executive of Trafigura India, pointing to strong demand for diesel, gasoline and liquefied petroleum gas and adding that India would be buying "a lot" of liquefied natural gas.

Gupta expects Indian oil demand to reach closer to 9 million barrels per day by 2050, from about 5 million barrels per day currently.

On Friday, Trafigura said it signed a "landmark crude supply agreement" with Bharat Petroleum Corp to supply Iraqi Basrah and Omani crude to the Indian state refiner. BPCL also signed a term agreement with TotalEnergies TTEF.PA for the procurement of UAE crude.

GROWING DEMAND

Indian Oil Corp (IOC), the country's largest refiner, last year signed a five-year import deal with Trafigura to buy 2.5 million metric tons of LNG in a deal valued at $1.3 billion-$1.4 billion.

IOC's head of marketing, S.P. Srivastava told reporters at the conference that the company expects annual diesel demand to grow by 2-3% and gasoline demand to rise by 5-6% by 2030.

It signed a preliminary agreement with Paris-based Engie at India Energy Week for LNG and other natural gas trading opportunities in the Asia-Pacific region, IOC Chairman A.S. Sahney said.

Top gas importer Petronet LNG forecasts LNG imports will rise to 28 million-29 million tons in 2026, from about 25.5 million tons last year.

Trading giant Vitol expects most of India's refinery output to be absorbed domestically.

"There is 500,000 (barrels per day) of refining capacity coming online," said Kieran Gallagher, Vitol's Asia head. "Outside...summer seasonality and exports, largely the products derived from that capacity are going to be consumed within the country itself."

Opportunities for traders also extend to petrochemicals, where supply remains structurally short despite government estimates that production will rise by 29.62 million tons to 46 million tons by 2030.

(Reporting by Mohi Narayan and Nidhi Verma; additional reporting by Anjana Anil and Tanay Dhumal; editing by Mayank Bhardwaj, Kirsten Donovan)

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SOUTH GOA, India, Jan 28 (Reuters) - India's top gas importer Petronet LNG PLNG.NS sees the country's liquefied natural gas (LNG) imports rising to 28 million to 29 million metric tons in 2026 compared to about 25.5 million tons in 2025, Managing Director Akshay Kumar Singh told reporters at the Indian Energy Week conference on Wednesday.

India is the world's fourth-largest LNG importer.

(Reporting by Nidhi Verma; Writing by Emily Chow; Editing by Tom Hogue)

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** Shares of Petronet LNG Ltd PLNG.NS rise 4.1% to 294.8 rupees

** J.P. Morgan upgrades PLNG to "overweight" from "neutral"; hikes PT to 335 rupees from 295 rupees

** Brokerage sees earnings momentum improving from FY27 on Dahej expansion, 5% annual tariff hike and lower impairment costs

** Says potential renegotiation of Dahej tariffs and 200-billion-rupee ($2.22 billion) Propane Dehydrogenation capex remain long-term valuation risks but are unlikely to materialise before 2028

** Improved near-term earnings should help the stock, JP Morgan says

** Average rating by 32 analysts on the stock is 'hold'; median PT is 313 rupees - data compiled by LSEG

** Stock fell nearly 18% in 2025

($1 = 89.9840 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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Jan 2 (Reuters) - Petronet LNG Ltd PLNG.NS:

• PANKAJ JAIN CEASED TO BE CHAIRMAN

Source text: ID:nNSEc3k0Sg

Further company coverage: PLNG.NS

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** Shares of Petronet LNG Ltd PLNG.NS rise 3.3% to 277.70 rupees
** Co enters into 15-years ethane unloading, storage and handling services deal with Oil and Natural Gas Corp ONGC.NS, with revenue potential of about 50 billion rupees ($553.3 million)

** Nomura ("buy," PT: 360 rupees) sees this announcement as a positive development and expects that the remaining 50% capacity may also be booked before the ethane USH facility comes online

** Brokerage estimates first-year EBITDA on 1.4 billion rupees, adding that 15th year EBITDA can hit 2.75 billion rupees without taking any margin improvement
** Mean rating of stock is 'hold'; median PT is 316 rupees - data compiled by LSEG

($1 = 90.3700 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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By Sethuraman N R

NEW DELHI, Sept 23 (Reuters) - Sri Lanka has no immediate plans to import liquefied natural gas (LNG) from India, as the required infrastructure including storage facilities is yet to be built, the country’s energy minister said on Tuesday.

India announced last year it would supply LNG to Sri Lanka’s power plants and work on cross-border energy connectivity, including a petroleum pipeline and power grid link.

However, no progress has been made on the supply of LNG.

"We have to first build the storage facility. Construction has not commenced yet,” said Sri Lanka's energy minister Kumara Jayakody, speaking to Reuters on the sidelines of Confederation of Indian Industry's energy summit in New Delhi.

Sri Lanka is yet to finalise the LNG contract procurement with India, he said.

The minister said it would take at least three years to complete construction of the storage infrastructure, and imports would begin only after that.

While discussions to build storage had taken place under the previous government, no contracts have been finalised, he added.

“We are studying the earlier content, deciding the location, and evaluating the loan and pricing aspects,” Jayakody said.

Indian state-run firm Petronet LNG PLNG.NS had last year signed a deal to supply LNG to Sri Lankan engineering firm LTL Holdings' power plants in Colombo.

The minister said both countries have formed a team and are working on submitting prospective reports about the planned work of developing a cross-border transmission system from southern India to the island's north.

(Reporting by Sethuraman NR
Editing by Shri Navaratnam)

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July 28 (Reuters) - Petronet LNG Ltd PLNG.NS:

• INDIA PETRONET LNG EXEC: PEGS FY26 CAPEX AT 50 BILLION RUPEES

• PETRONET LNG EXEC: SEEKING A RUPEE TERM LOAN OF 120 BILLION RUPEES

Source text: [ID:]

Further company coverage: PLNG.NS

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July 25 (Reuters) - Petronet LNG Ltd PLNG.NS:

• PETRONET LNG EXEC: LOWER POWER PLANTS' DEMAND, FERTILISER PLANTS' MAINTENANCE SHUTDOWN CUT LNG DEMAND IN INDIA

• PETRONET LNG EXEC: LONG-TERM LNG IS CHEAPER THAN SPOT PRICES

• PETRONET LNG EXEC: RAISES CAPEX FOR GOPALPUR LNG TERMINAL

• PETRONET LNG EXEC: 5 MTPA GOPALPUR LNG TERMINAL TO COST 63.5 BILLION RUPEES

• PETRONET LNG EXEC: EXPECT DAHEJ LNG TERMINAL EXPANSION TO 22.5 MTPA BY OCT

• PETRONET LNG EXEC: AIMS TO OPERATE DAHEJ LNG TERMINAL AT NEW HIGHER CAPACITY IN JAN-MARCH 2026

Further company coverage: PLNG.NS

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** Shares of Petronet LNG Ltd PLNG.NS rises 2.6% to 307.05 rupees
** Motilal Oswal upgrades PLNG to "buy" with a TP of 410 rupees/share, upside of 36.8% from last close
** Motilal says stock price already assumes a 20% tariff cut at PLNG’s Dahej, Kochi terminals by FY28 and no growth afterward
** Brokerage still sees PLNG's Dahej terminal as better positioned for growth, as rival terminals are underused and more expensive to run
** Motilal building in a PAT CAGR of 9% during FY25-27 for co, driven by volume growth and scheduled 5% tariff hike for both Dahej, Kochi terminals
** Mean rating of stock is 'hold'; their median PT is 331 rupees - data compiled by LSEG

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of India's Petronet LNG PLNG.NS down 1.37% at 316.4 rupees following the release of co's Q4 results

** Petronet's profit after tax jumps 45%, but revenue falls nearly 11% due to a one-time provision reversal and lower costs

** Citi Research maintains "sell", says volumes were "materially below expectations"

** Adds that rising competitive pressures, high LNG prices and a muted seasonal ramp up in gas-based power generation could limit performance upside

** Macquarie maintains "underperform", flags declining returns trajectory, adding PLNG's foray into petrochemicals not likely to improve them

** PLNG rated "hold" by 32 analysts, with median PT at 324 rupees, as per data complied by LSEG

(Reporting by Ananta Agarwal in Bengaluru)

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By Nidhi Verma

NEW DELHI, May 19 (Reuters) - India's liquefied natural gas imports are expected to rise in the coming months to meet growing electricity demand in the country, said A. K. Singh, chief executive of the country's top gas importer Petronet LNG PLNG.NS.

India last week invoked emergency measures asking companies to operate underutilised gas-based power plants at higher capacity from May 26-June 30 to meet electricity demand in the country, a notice posted on the ministry's website shows.

India's power demand has been subdued so far this month as rains tempered temperatures in the country.

"We expect LNG demand to rise similar to last year's levels. Demand for power is rising in last few days so we are expecting demand for LNG to rise in the third or fourth week of May and in June," he said.

Power plants running on gas have been more expensive than those operating on coal, solar and wind power, resulting in idling of about three-fifth of all gas-fired power stations in the country.

The narrowing price gap between spot and long-term LNG prices is also pushing some companies to step up purchases, he said, adding Indian customers prefer LNG prices at below $10 per million British thermal units.

Petronet hopes to complete expansion of its 17.5 million tons per year (tpy) Dahaj terminal to 22.5 million tpy in the next three to four months, he said, adding his firm would maximise the utilisation of the terminal to meet demand in the summer season.

(Reporting by Nidhi Verma; Editing by Toby Chopra)

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April 22 (Reuters) - Petronet LNG Ltd PLNG.NS:

• SAURAV MITRA JOINS PETRONET LNG AS DIRECTOR (FINANCE) & CFO

Source text: ID:nBSEbkVvXG

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April 18 (Reuters) - Petronet LNG Ltd PLNG.NS:

• VINOD KUMAR MISHRA CEASES TO BE CFO

Source text: ID:nBSEc9Zh73

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