AsiaCorporateLNG Terminals

India’s Petronet LNG boosts quarterly profit

By LNG Prime Staff
India’s Petronet LNG boosts quarterly profit
Dahej LNG jetty (Image: Petronet LNG)

India’s Petronet LNG reported a rise in its quarterly profit despite slightly lower volumes at the company’s two regasification terminals.

Profit after tax or PAT reached 7.01 billion rupees ($88.3 million) in the April-June quarter, up 10.2 percent when compared to 6.36 billion rupees in the same quarter last year, Petronet said in a statement on Friday.

However, PAT dropped when compared to 7.5 billion rupees in the prior quarter.

India’s largest LNG importer said its profit before tax or PBT rose 10.1 percent to 9.37 billion rupees when compared to 8.51 billion rupees last year but it dropped from 9.84 billion rupees in the first quarter.

In addition, Petronet has reported highest ever turnover of 142.6 billion rupees in the current quarter.

During the April-June quarter, Petronet’s 17.5 mtpa Dahej terminal processed 196 TBTU of LNG. This compares to 194 TBTU in the same quarter last year and 178 TBTU in the previous quarter.

Including the 5 mtpa Kochi facility, the overall LNG volumes reached 208 TBTU. This compares to 209 TBTU last year and 190 TBTU in the previous quarter.

“The company was able to achieve robust financial results despite high LNG prices, owing to optimization in its operation,” Petronet said.

Most Popular

LNG Terminals

Venture Global’s Plaquemines LNG to commission third jetty

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce hazardous fluids to the third jetty at its Plaquemines LNG export plant in Louisiana.
Vessels

MOL’s LNG carrier to feature SOFC tech

Japan's MOL and South Korea's Samsung Heavy Industries have received approval from classification society LR for the design of a 174,000-cbm LNG carrier integrating solid oxide fuel fell (SOFC) technology.
Vessels

KARMOL’s FSRU named in Singapore

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has named its latest floating storage and regasification unit at Seatrium's yard in Singapore.

More News Like This

LNG Terminals

GAIL: Dabhol LNG terminal gets first cargo during monsoon season

India's GAIL has unloaded its first LNG cargo at the Dabhol LNG terminal during the monsoon season following the completion of the breakwater project.
Contracts and Tenders

BP seals LNG SPA with India’s Torrent Power

A unit of UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with India's Torrent Power.
LNG Terminals

Petronet pushes back launch of additional Dahej LNG capacity

India’s largest LNG importer, Petronet LNG, has again pushed back the launch of an additional five mtpa capacity at its Dahej LNG terminal in western Gujarat state.
LNG Terminals

Petronet LNG logs higher profit, lower volumes

India’s largest LNG importer Petronet LNG, the operator of the Dahej and Kochi regasification terminals, reported higher quarterly profit and lower volumes.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA