Petronet LNG’s profit more than doubles

Kochi LNG terminal (Image: Archive)

Petronet LNG, India’s largest importer of the chilled fuel, on Monday reported a 132.5 percent increase in its quarterly net profit, boosted by higher regasification volumes at its Dahej terminal.

The LNG importer said its net profit rose more than two times to 3.97 billion rupees ($59.3m) in the December quarter, as compared to 1.71 billion rupees in the same quarter a year before.

Petronet LNG’s sales in the December quarter were at 59.77 billion rupees, up 24 percent from 48.21 billion rupees in 2015.

Petronet said its two terminals regasified 191 trillion british thermal units in the quarter under review as compared to 140 TBtus in the corresponding period of last year.

Capacity utilisation at Petronet’s 15 mtpa Dahej terminal in Gujarat was at 98 percent. The 5 mtpa Kochi terminal in Kerala was operating at just 6 percent capacity during the December quarter, according to Petronet.


LNG World News Staff

Share this article

Follow LNG World News


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.


More info

read more >