AsiaCorporateLNG Terminals

India’s Petronet LNG says quarterly profit, volumes down

By LNG Prime Staff
India’s Petronet LNG says quarterly profit, volumes down
Dahej LNG (Image: Petronet LNG)

India’s Petronet LNG reported an 11.2 percent drop in its net profit in the second quarter of fiscal 2021-22 due to lower volumes at its Dahej regasification terminal.

Profit after tax or PAT reached 8.23 billion rupees ($110.9 million) in the July-September quarter, compared to 9.27 billion rupees last year.

However, India’s largest LNG importer said its PAT increased when compared to 6.36 billion rupees in the prior quarter.

During the quarter, Petronet’s Dahej terminal processed 225 TBTU of LNG. This compares to 243 TBTU in the same quarter last year and 194 TBTU in the previous quarter, according to Petronet.

Including the Kochi facility, the overall LNG volumes reached 240 TBTU. Petronet said this compares to 254 TBTU last year and 209 TBTU in the previous quarter.

Besides the 17.5 mtpa Dahej terminal and the 5 mtpa Kochi plant on the west coast of India, Petronet is working on a new FSRU-based import facility at the Gopalpur port in Odisha as it looks to establish its presence on the eastern coast of the country.

Most Popular

Corporate

Venture Global’s Plaquemines LNG wraps up $4 billion notes offering

Venture Global's unit Plaquemines LNG has closed a $4 billion offering of senior secured notes.
Contracts and Tenders

Argentina’s Enarsa to spend $567 million on LNG purchases

Argentina's state-owned LNG importer, Energia Argentina (Enarsa), will spend $570 million to purchase 22 liquefied natural gas (LNG) cargoes from BP and TotalEnergies this year.
LNG Terminals

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

More News Like This

LNG Terminals

India’s May LNG imports drop

India's liquefied natural gas (LNG) imports dropped by 15.3 percent year-on-year in May, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.
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.
LNG Terminals

India’s April LNG imports climb

India's liquefied natural gas (LNG) imports rose by 21.3 percent year-on-year in April, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

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