Petronet LNG posts surge in profit

India’s Petronet LNG reported a 70.9 percent rise in its net profit in the fourth quarter of fiscal 2020-21.

Consolidated net profit reached 6.37 billion rupees ($87.2 million) in the quarter, compared to 3.73 billion rupees last year.

Compared to the previous quarter, profit declined 27.7 percent.

Petronet’s revenue also dropped to 76.2 billion rupees in the January-March period, compared to 86.5 billion rupees in the corresponding quarter but revenue rose slightly when compared to the previous quarter of 74.2 billion rupees.

India’s largest LNG importer receives the fuel via its Dahej and Kochi terminals.

The company’s 17.5 mtpa Dahej terminal operated at 94 percent capacity in April-March, the PPAC data previously showed.

Most Popular

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

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.

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.

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.

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.