Petronet LNG Limited (PLL) was formed on April 2, 1998, as a joint venture company by the Government of India for the development of facilities for the import, storage, and regasification of liquefied natural gas (LNG).
PLL holds 50% equity participation from four oil and gas Maharatanas viz. Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation Limited (IOCL), GAIL (India) Limited (GAIL), and Bharat Petroleum Corporation Limited (BPCL) and the balance 50% equity is held by public, strategic partners, and financial institutes. PLL has an authorised capital of ₹3,000 crore with paid-up capital of ₹1,500 crore.
PLL holds an international rating of Baa3 by Moody’s Investors Service and a domestic rating of AAA by CRISIL and ICRA (Ratings for the creditworthiness of borrowers). PLL ranked 50 in ET 500 and 40 in D&B India’s Top 500 Companies 2019.
PLL envisions being a key energy provider to the nation by leveraging the company’s unique position in the LNG value chain along with an international presence. Since its inception, the ethos by which PLL lives is to create and manage world-class LNG infrastructure, pursue synergetic business growth opportunities, continue excellence in the LNG business, maximise value creation for the stakeholders and maintain the highest standards of business ethics and values.
PLL is the biggest LNG importer of India and caters to around 40% of the country’s LNG requirement by supplying 70 mmscmd of LNG collectively from its Dahej and Kochi terminals. It owns 53% share of the country’s existing regas capacity with a capacity of 17.5 MMTPA at its Dahej terminal and 5 MMTPA at its Kochi terminal. PLL’s Dahej terminal is the world’s fourth largest terminal by throughput capacity. Long-term charter vessels namely ‘Disha’, ‘Raahi’, and ‘Aseem’ carry the LNG volume under the RasGas contract from Qatar to PLL’s Dahej and Kochi terminals. The fourth LNG vessel ‘Prachi’, for which time charter has been novated to ExxonMobil, carries the LNG volume under ExxonMobil contract from Gorgon, Australia, to Dahej and Kochi terminals. PLL also owns equity in ‘Aseem’ and ‘Prachi’.
An LNG academy set up at PLL’s Kochi terminal aims to impart training on the entire LNG value chain and organise workshops, including simulation training, to ensure enhancement and updation of knowledge and impart practical hands-on experience to the aspirants.
PLL, apart from offering world-class regasification facilities at its Dahej and Kochi terminals, is also diversifying in many other businesses across the LNG value chain, offering services like providing LNG as automotive fuel through its chain of LNG stations in collaborations with OMCs and CGD players, LNG supply for industrial usage through trucks (virtual pipelines), LNG supply to earthmovers in mining sectors, compressed biogas, LNG bunkering, gassing up and cooling down operations for vessels, etc. PLL is also planning to have an ethane import facility at Dahej, setting up FSRU on East Coast (in Gopalpur, Odisha), foray into renewables and international expansion in South Asian countries catering to their LNG and related infrastructure requirements i.e. Sri Lanka, Maldives, Bangladesh, Myanmar, Mauritius, etc.
For any business-related queries/interest/partnership, you are requested to contact Mr. Manoj Pawa, Executive Director – Business Development at firstname.lastname@example.org