NEW DELHI expected Petronet LNG Ltd. to grow revenue this financial year helped natural gas prices to a third to $4 billion, through higher liquefied and regasified quantities rise 11.5% to 9.7 million tons, Finance Director of the company said.
Amitava Sengupta said "It is a good demand for imported gas" in an interview on Friday.
Natural gas output in India fell challenges for the third consecutive month in February of reliance Industries Ltd. production in its most productive East Coast field. This increased the South Asian nation of LNG imports to 0.897 million tonnes in February from January's 0.707 million tonnes, government data showed.
Demand for imported LNG incrementally in India increase, such as domestic gas production, which further said in the fight, Somshankar Sinha and Vikash Jain, analyst with CLSA Asia Pacific markets in a statement Thursday.
Shares Petronet, India's largest liquefied natural gas importer, 3.17% at 125.20 rupees ($2.81) closed. The broader benchmark index 0.13% closed Friday.
Mr. Sengupta said give 0.7 can million tons by Gujarat State Petroleum Corp. and GAIL (India) and 9 million tonnes LNG sales will directly import Petronet Ltd. for regasification services. It has obtained already 9 million tons of volume, he said.
Petronet LNG terminal in Dahej in the Western State of Gujarat, is running a 10 - million-ton per year capacity purchase spot cargo in the current financial year, when local demand is high, Mr. Sengupta said.
CLSA expects Petronet to source four spot loads in the current financial year compared with a total of about eight loads which it imported last year, as demand for fuel from earthquake hit Japan LNG world market prices has increased.
Spot LNG prices landed units are at about $12 per million British thermal currently while the level of comfort for Indian companies is around $8$ 9 per MmBtu, Mr. Sengupta said.
Petronet is currently building an LNG terminal in Cochin in the southern state of Kerala, with an annual capacity of 5 million tonnes and is considering a new terminal on the East coast of India.
A study for the project in order that it be completed in the next two months have been expected, said Mr. Sengupta.
"We had plans for the East Coast go terminal alone." Now GAIL your interest expressed has [are] our partners. "But we have not yet decided," he said.
India's State GAIL, Indian Oil Corp, Bharat Petroleum Corp. and oil & natural gas Corp. keep each in Petronet a 12.5%.
Petronet is also in the process of extending its Dahej Terminal on 13 million metric tons by a second jetty and can expand the capacity further to 18 million tonnes by the year through March 2015, Mr. Sengupta said.
The company is in discussions with some of the major consumer of partnerships, build tank farms in Dahej and perhaps he that help said a marginal investment in regasification, Dahej can expand.
India has two LNG terminals-Petronet's Dahej terminal and Royal Dutch Shell PLC and total 2.5 million tonnes a year capacity terminal in Hazira in Gujarat.
Also, terminals with a total capacity of 15 million tonnes short of the various stages of the planning and construction are as India's local growing gas output demand is unlikely.
Petronet also ONGC investments in LNG projects in Russia, Australia and Africa to tie up supplies for India's advanced capacity pick up partner plans Mr. Sengupta said.
The company is also in talks with three suppliers enter into long-term supply contracts, he said.
Write to Rakesh Sharma at the rakesh.sharma@dowjones.com
没有评论:
发表评论