Petronet’s profit climbs 28 pct on record LNG volumes

Kochi LNG terminal (Image: Archive)

Petronet LNG, India’s largest importer of liquefied natural gas, reported a 28 percent increase in its quarterly net profit, boosted by higher regasification volumes at its Dahej and Kochi terminals.

The LNG importer said its net profit after tax rose to 5.89 billion rupees ($15.4m) in the September quarter, as compared to 4.60 billion rupees in the same quarter a year before.

Shares of Petronet LNG rose as much as 5.4 percent on Thursday, their highest since October 24.

Petronet said its Dahej LNG import facility regasified record 210 trillion British thermal units in the quarter under review, operating at around 110 percent of its nameplate capacity.

These volumes rose by 14 percent over the same quarter the year before.

The company’s Kochi LNG terminal “processed the highest ever quantity” of 10 TBtu of LNG, Petronet said.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Oct 2018 >>
MTWTFSS
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 31 1 2 3 4

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

LNG Philippines Forum 2018

LNG’s role in the Philippines’ energy mix will only get bigger…

read more >

5th Mozambique Gas Summit & Exhibition

Following the Summit’s success in 2017, the CWC Group in partnership with ENH and with the support and participation from MIREME and INP, are delighted to invite you to the 5th edition of the Mozambique Gas Summit & Exhibition taking place at a larger venue this year, the NEW Joaquim Chissano Conference Centre in Maputo on 31 October – 2 November 2018.

Recognised as the leading strategic meeting for Mozambique’s gas industry, the event addresses the entire gas and LNG value chain bringing together Government officials with industry stakeholders for 3 highly interactive days of networking and frank discussions aiming to establish Mozambique as the next international gas hub.

More info

read more >