Petronet LNG

State-owned GAIL (India) Ltd's Director (Marketing) Sanjay Kumar has been appointed Managing Director and Chief Executive Officer of Petronet LNG Ltd, effective May 13, 2027, when the position falls vacant. According to a regulatory filing, Petronet's board cleared the top-level appointment during a brief 15-minute meeting held on October 2. Kumar will take over on May 13, 2027, when the existing CEO A K Singh's extended tenure ends. Kumar, 59, will have a five-year term. Petronet, India's largest gas importer, is majority owned by state-owned oil firms. While the superannuation age in public sector companies is 60 years, Petronet, though headed by the government's top bureaucrat in the Union Ministry of Petroleum and Natural Gas, is registered as a private limited company. Petronet is not under any government watchdog like CAG or CVC and is beyond the purview of RTI. Its board executives enjoy higher remuneration than PSUs and also retire at the age of 65 years. State-owned India

Analysts remain positive on Petronet LNG, citing Kochi growth, new revenue streams and project execution despite high spot LNG prices and geopolitical risks ahead.

Petronet LNG Ltd, India's biggest gas importer, has sought shareholders' approval to continue payment of commission to its directors, capped at 1 per cent of annual profits, for another five years from financial year 2026-27 to 2030-31. The proposal, contained in the notice for the company's forthcoming general meeting, seeks approval for distribution of a sum not exceeding 1 per cent per annum of profits calculated under Section 198 of the Companies Act, 2013, among the directors in such amounts and proportions as may be decided by the board from time to time. Shareholders had last approved the commission arrangement at the annual general meeting held on September 28, 2021, for FY22 to FY26. The earlier approvals for similar payments were granted in 2007, 2011 and 2016, according to the shareholder notice. The company said the proposed continuation was being sought in view of its "healthy financial position". For the fiscal year ended March 31, 2026, Petronet paid its CEO Akshay .

QatarEnergy has extended force majeure until August and is yet to give Petronet LNG a definite plan for September supplies; 56 contracted cargoes have been affected

Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.

Notably, Qatar had halted LNG production after its facilities were attacked by Iran. India depends on long-term LNG contracts with Qatar for a significant share of its gas needs.

The move comes as India faces critical challenges in meeting the country's energy requirements amid the West Asia crisis, highlighting high energy import dependency and lack of storage infrastructure

Notably, the six-week-long war in West Asia has disrupted global energy supply. India is a net importer of natural gas, relying on overseas supplies for the majority of its consumption.

Petronet LNG shares have rebounded 18.28 per cent from their 52-week low of ₹235.35 per share, which was touched on March 23, 2026, on the NSE

Newer LNG terminals face viability risks as West Asia conflict cuts supplies, raises prices and weakens demand, even as India expands import capacity and dependence on overseas gas

In a month, Petronet LNG shares fell 15 per cent, compared to Sensex's fall of 10.5 per cent

The brokerage said the escalating West Asia crisis has raised risks for Petronet LNG's FY27 earnings, after Qatar's Ras Laffan LNG facility, which has export capacity of 77 mtpa

The brokerage noted that upstream players benefit from stronger realisations, while integrated players, such as Reliance, can be supported by stronger refining and petrochemical economics

Iran war impact: Nomura sees windfall gains for refiners like RIL but margin squeeze for Indian Oil, BPCL and HPCL amid rising crude and gas disruptions

As tensions in West Asia disrupt oil and LNG flows through the Strait of Hormuz, Indian energy firms are invoking force majeure clauses to suspend contractual obligations amid rising maritime risks

Petronet LNG issued force majeure to QatarEnergy and its off-takers after LNG production was halted amid the West Asia crisis, saying the impact cannot be estimated at this point

Qatar is India's largest supplier of imported natural gas. Qatar supplies about 40 per cent of the nearly 27 million tonnes of (LNG) that India imports annually

Petronet LNG Ltd, India's biggest liquefied natural gas importer, on Thursday reported a 5 per cent rise in the December quarter net profit as usage at its Kochi terminal rose to an all-time high. Net profit of Rs 848 crore in October-December 2025 - the third quarter of the current 2025-26 fiscal year - compared with Rs 806 crore earnings in the same period a year back, a company statement said. The company which operates two facilities at Dahej in Gujarat and Kochi in Kerala for import of natural gas in its liquid form (LNG), saw overall volume throughput rise by 2 per cent to 228 trillion British thermal units. "Capacity utilisation of the (17.5 million tonnes a year) Dahej terminal stood at 94 per cent in the current quarter, up from 92 per cent in the previous quarter and 93 per cent in the corresponding quarter," it said. "The (5 million tonnes a year) Kochi terminal achieved the highest ever capacity utilization of 29 per cent in the current quarter. Kochi operations have be

Petronet LNG chief says any additional US LNG imports will hinge on pricing; Q3 consolidated net profit declines 2.4% to Rs 845.50 crore

The EPCC project at Gujarat's Dahej Petrochemical Complex includes LNG, ethane and propane storage tanks and handling facilities, supporting India's first integrated petrochemical complex