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{{short description|Indian natural gas company}}
{{primary sources|date=April 2007}}
{{Use dmy dates|date=February 2019}}
{{Use Indian English|date=February 2019}}
{{Infobox company
| name = Petronet LNG Ltd
| logo = PetronetLNGlogo.jpg
| caption =
| type = [[Public sector undertakings in India|Public Sector Undertaking]]<ref name="Petronet LNG Limited : About Us">{{cite web|title=Petronet LNG Limited : About Us|url=https://www.petronetlng.in/Company.php|access-date=2020-06-15|website=Petronet LNG}}</ref>
| traded_as = {{BSE|532522}}
| industry = [[Oil and gas industry|Oil and gas]]
| fate =
| predecessor =
| successor =
| foundation = {{Start date|df=yes|1998}}
| founder =
| defunct = 
| location_city = [[New Delhi]]
| locations =
| area_served =
| key_people = Tarun Kapoor (Non-Executive Chairman) <ref name="BoD">{{Cite web|title=Petronet LNG Limited : Board of Directors|url=https://www.petronetlng.com/directors.php|access-date=2020-11-12|website=Petronet LNG}}</ref> 
Akshay Kumar Singh, MD & CEO) <ref name="BoD" />
| products = [[Liquefied natural gas]]
| services =
| revenue = {{decrease}} {{INRConvert|35815|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/oildrillingandexploration/petronetlng/PLN|title=Petronet LNG Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{increase}} {{INRConvert|3504|c}} (2020)<ref name="Financials"/>
| net_income = {{increase}} {{INRConvert|2688|c}} (2020)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|18866|c}} (2020)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|9620|c}} (2020)<ref name="Financials"/>
| num_employees = 508 (2020)<ref name="Financials"/>
| owner = [[Government of India]]
| parent =
| divisions =
| subsid =
| footnotes =
| intl =
| location_country = [[India]]
| homepage = {{URL|http://www.petronetlng.in/}}
}}
[[File:Kochi LNG Terminal.jpg|thumb|Kochi Terminal View from Fort Kochi]]
'''Petronet LNG Ltd''' is an Indian oil and gas company formed by the government of [[India]] to import [[liquefied natural gas]] (LNG) and set up LNG terminals in the country. It is a joint venture company promoted by the [[Gas Authority of India Limited]] (GAIL), [[Oil and Natural Gas Corporation]] Limited (ONGC), [[Indian Oil Corporation]] Limited (IOC) and [[Bharat Petroleum]] Corporation Limited (BPCL). Petronet LNG Limited, one of the companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal in Dahej, Gujarat, and another [[Kochi LNG Terminal|terminal]] in [[Kochi]], Kerala. While the Dahej terminal has a nominal capacity of 17.5 million [[tonne]]s per year (equivalent to 70 million cubic metre per day of natural gas at [[Standard conditions for temperature and pressure|standard conditions]]), the Kochi terminal has a capacity of 5 million tonnes per year (equivalent to 20 million cubic metre per day of natural gas). Plans to build a third LNG terminal in [[Gangavaram Port|Gangavaram]], [[Andhra Pradesh]] were dropped in October 2019.<ref>{{cite web|title=Petronet drops LNG terminal plan|url=https://www.thehindu.com/news/cities/Visakhapatnam/petronet-drops-lng-terminal-plan/article29694941.ece|access-date=2020-11-12|website=The Hindu}}</ref>

Formed as a joint venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India's leading oil and natural gas industry players. Its promoters are GAIL (India) Limited (GAIL), Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The authorized capital is Rs. 3,000 crore ($420 million approx).<ref name="Petronet LNG Limited : About Us2">{{cite web|title=Petronet LNG Limited : About Us|url=https://www.petronetlng.com/Company.php|access-date=2020-06-15|website=Petronet LNG}}</ref>

The company selected [[Gaz de France]] as its strategic partner. The company has also signed an LNG sale and purchase agreements with [[RasGas|Ras Laffan Liquefied Natural Gas Company]] Ltd, [[Qatar]] for the supply of 8.5 MTPA LNG to India.

Petronet LNG Ltd has set up its first LNG terminal in [[Dahej]] in [[Gujarat]] with the capacity of 15 million [[metric ton]]s per year. Capacity of Dahej Terminal will expand to 17.5 million tons per year till 2019. Another terminal with capacity 5 million tons per year is commissioned in [[Kochi]] (Kerala) and started its operations in August 2013. Petronet LNG is planning to set up its third LNG terminal with capacity 5 million tons per year probably in Andhra Pradesh.

Kochi LNG Terminal is situated in the Special Economic Zone (SEZ) of Puthuvypeen near the entrance to Cochin Port, Kerala. The jetty facility at Kochi terminal is designed to receive LNG tankers of capacity from 65,000 m3 up to 216,000 m3, with possibility of receiving suitable smaller ships.

There are various services offered by Petronet LNG Limited, like regasification, storage and reloading, bunkering, gassing-up and cooling-down facilities and LNG truck loading facilities.

In September 2019, PetroNet signed an MoU with United States-based Tellurian Inc to purchase a stake in the latter's Driftwood project in [[Louisiana]] and to import 5 million tonnes of LNG annually. The deal was initially expected to be finalized by 31 March 2020,<ref>{{cite web |title=Petronet LNG signs $2.5 billion deal to take stake in US LNG plant |url=https://www.moneycontrol.com/news/business/petronet-lng-signs-2-5-billion-deal-to-take-stake-in-us-lng-plant-4462121.html |website=Moneycontrol |access-date=22 September 2019}}</ref> but the non-binding agreement was instead terminated in November 2020 due to low LNG prices adversely affecting the investment case.<ref>{{cite web |title=Petronet LNG backs out of plan to invest in Tellurian terminal |url=https://www.thehindubusinessline.com/money-and-banking/petronet-lng-backs-out-of-planto-invest-in-tellurian-terminal/article33085652.ece?source=news_body_link |website=The Hindu BusinessLine |access-date=12 November 2020}}</ref>

== Listings and shareholding ==
{| class="wikitable"
!Shareholder
!Shareholding
|-
|Public and [[Foreign Institutional Investor|FIIs]]
|50.00%
|-
|Indian Oil Corporation Limited ([[Indian Oil Corporation|IOCL]])
|12.50%
|-
|Bharat Petroleum Corporation Limited ([[Bharat Petroleum|BPCL]])
|12.50%
|-
|Gas Authority of India Limited ([[Gas Authority of India Limited|GAIL]])
|12.50%
|-
|Oil and Natural Gas Corporation Limited ([[Oil and Natural Gas Corporation|ONGC]])
|12.50%
|}

== References ==
{{reflist}}
# http://economictimes.indiatimes.com/petronet-lng-ltd/stocks/companyid-4495.cms
# http://economictimes.indiatimes.com/industry/energy/oil-gas/petronet-eyes-26-per-cent-stake-in-iocs-lng-terminal-at-ennore/articleshow/60006188.cms

==External links==
{{commons category|Petronet LNG}}
* [http://www.petronetlng.in/ Official website]
* [http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532522 Petronet LNG on BSE India]

{{Nifty 200 companies}}
{{Energy companies and organizations in India}}

[[Category:Oil and gas companies of India]]
[[Category:Liquefied natural gas terminals]]
[[Category:Companies based in New Delhi]]
[[Category:Natural gas companies of India]]
[[Category:Indian companies established in 1998]]
[[Category:1998 establishments in Delhi]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Petronet LNG - Revision history

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