About Petronet LNG Limited

 

Petronet LNG Limited (PLL) was incorporated on April 2, 1998 to develop, design, construct, own and operate Liquefied Natural Gas (LNG) import and regasification terminals in India. It received its certificate of commencement of business on June 1, 1998. The company is engaged in the import and regasification of LNG and supply to GAIL (India) Limited, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and others. PLL set up the country’s first LNG receiving and regasification terminal at Dahej, Gujarat, followed by another terminal at Kochi, Kerala. The current regasification capacity stands at 22.5 MMTPA—Dahej at 17.5 MMTPA and Kochi at 5 MMTPA. PLL accounts for around 34% of gas supplies in India and handles around two-thirds of the nation’s LNG imports.

 

Promoted by GAIL, ONGC, IOCL and BPCL, the company operates nationally with two plants and six offices, serving customers across 19 Indian states. Exports are nil, and all major assets are located in India. PLL has 3 subsidiaries and also operates through joint ventures for port and shipping logistics support.

 

Petronet LNG Limited Milestone

 

Key milestones include establishing the first LNG receiving terminal at Dahej, sustained high utilisation at Dahej and Kochi, and leadership in LNG handling and regasification in India. In FY 2024-25, PLL completed key capacity enhancements, including two LNG storage tanks at Dahej, upgraded Gassing Up and Cooling Down (GUCD) at Kochi, and augmented truck loading facilities at both terminals. The terminal at Kochi executed specialised services—GUCD, reloading and bunkering—and the company achieved record LNG truck loading of 2,758 lorries, up 24% year-on-year.

 

Petronet LNG Limited’s Key Management

• Shri Pankaj Jain, Chairman

• Shri Akshay Kumar Singh, Managing Director & CEO

• Shri Saurav Mitra, Director (Finance) & CFO

• Shri Pramod Narang, Director (Technical)

• Shri Rajan Kapur, GGM & President – Company Secretary

 

Latest Updates on Petronet LNG Limited 

 

• Long-term sourcing: PLL executed a new LNG Sale & Purchase Agreement with QatarEnergy on February 6, 2024 for around 7.5 MMTPA of LNG on a delivered basis from 2028 to 2048; volumes are to be off taken by GAIL (60%), IOCL (30%) and BPCL (10%) after regasification primarily from Dahej.

 

• Additional LNG supplies: An LNG SPA with Exxon Mobil Asia Pacific Pte. Ltd. signed in 2017 commences in FY 2025-26 for 15 years; volumes are to be off taken by GAIL (30%), IOCL (30%) and BPCL (40%). PLL also has an ongoing 1.425 MMTPA long-term LNG contract with a subsidiary of Exxon Mobil, valid till November 2035.

 

• Petrochemicals tie-up: On February 6, 2025, definitive agreements were signed with Deepak Phenolics Limited for the long-term sale and purchase of 250 KTA of propylene and 11 KTA of hydrogen from PLL’s upcoming petrochemical complex at Dahej over 15 years.

 

• Capacity and infrastructure: The Dahej capacity augmentation project (Rs. 600 crore) to 22.5 MMTPA was about 90% complete by mid-July 2025. Construction of a third jetty at Dahej (Rs. 2,013 crore), capable of handling LNG, ethane and propane, reached about 32% progress by mid-July 2025, with target completion by February/March 2027.

 

• East coast expansion: PLL is setting up a 5 MMTPA land-based LNG terminal at Gopalpur, Odisha; 80 acres have been allotted at the port and pre-project activities, including environment clearance processes, are advanced.

 

• Regasification agreement: On July 10, 2025, PLL executed a regasification agreement with Performance Chemiserve Limited for around 0.5 MMTPA at Dahej over 5.5 years starting between May and July 2026 and ending on December 31, 2031.