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Petronet LNG News

11 Sep 2017

ExxonMobil slashes LNG price to India in bad omen for producers

Long-term contracts are rarely revised in the LNG market, and for a big producer to cave in shows how supply from new plants in Australia and the United States over the past two years has transformed the market, analysts said.

11 Sep 2017

Petronet set to buy extra 1 million tonnes Australian LNG from Exxon

The deal for additional volumes is yet to be signed.

Reliance Industries

23 Jul 2017

RIL pays 6% more to buy own gas

RIL had in May become the first buyer of gas it produced from its own coal-bed methane (CBM) block after agreeing to pay the highest price for the fuel.

20 Apr 2017

United Spirits, Cairn to move out from Sensex Next 50 index

Sensex Next 50 index measures the performance of the subsequent 50 largest index-eligible stocks outside the BSE Sensex 50.

14 Feb 2017

Petronet buys 26% stake in LNG vessel for Rs 100 crore

Petronet LNG Ltd, India's largest liquefied natural gas importer, has bought a 26 percent stake in the shipping consortium that built its biggest LNG ship to transport gas form from Australia.

11 Jul 2016

Petronet LNG plans $3 billion investment push overseas

India's biggest gas importer Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Bangladesh and Sri Lanka among other countries, its managing director said.

Prabhat Kumar Singh

14 Sep 2015

Prabhat Singh takes over as MD & CEO of Petronet LNG

Prabhat Kumar Singh Monday took over as the new Managing Director and CEO of Petronet LNG Ltd, India's biggest liquefied natural gas importer.

Ashok Kumar Balyan

25 Jul 2015

A K Balyan to head Reliance Group's Oil & Gas Business

Ashok Kumar Balyan, former chief executive of Petronet LNG Ltd, has joined Anil Ambani-led Reliance Group as CEO of its Oil & Gas Business.

14 Jul 2015

Oil Ministry reverts back to promoters selecting CEO of Petronet

The Oil Ministry has reverted back to the mechanism of promoters selecting CEO of Petronet LNG after it scrapped an ad-hoc search committee formed under the previous Petroleum Secretary.

30 Jun 2015

Selection for Petronet CEO starts again

Petronet LNG Ltd on Tuesday issued advertisement seeking applications from persons holding director-level position in public and private sector energy companies by July 15.

10 May 2015

Rs 400 cr loss to Petronet LNG last fiscal

Petronet LNG has suffered a loss of Rs 400 crore in the last fiscal due to difficulties in getting land for laying pipelines for connecting the Rs 4,000-crore Kochi LNG terminal with demand centres in Karnataka, a top official said Sunday.

India LNG importer

25 Apr 2015

Petronet MD & CEO selection process to start afresh

The selection of a new head of India's biggest LNG importer, Petronet LNG will start afresh after a headhunting panel failed to arrive at a consensus on candidates.

12 Apr 2015

Petronet offers 'gassing up' services at Kochi terminal

After leasing out storages at its under-utilised Kochi terminal, Petronet LNG has started offering services to LNG ships in a bid to generate revenue from different streams to tied over losses.

29 Mar 2015

Prabhat Singh, PK Bajpai among 13 in race to head Petronet LNG

A Search Committee will hold interviews to select the new MD and CEO tomorrow, industry sources said.

26 Sep 2014

ADB sells entire stake in Petronet LNG for Rs 714.5 cr

ADB sold 3.9 crore shares of India's largest liquefied natural gas importer to CitiGroup and HDFC Mutual Fund at Rs 183.20 per share.

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