Petronet LNG

Petronet LNG received only six of the 75-80 Qatar cargoes expected between March and October 2026 as force majeure disruptions hit supplies; Q2 net profit rose 54 per cent YoY

The 50:50 joint venture plans to develop 10 compressed biogas plants across India, with a combined capacity of 180 tonnes per day, strengthening Petronet LNG's renewable-gas presence

Petronet LNG and Gruner Renewable Energy have formed a 50:50 joint venture to develop a portfolio of compressed biogas (CBG) plants across India, which entails an initial investment of about Rs 1,200 crore. This model is first of its kind in India, where the JV partner is undertaking sourcing of feedstock, EPC, operations and maintenance and offtake of organic manure, thus integrating the CBG value chain, a statement said. The proposed partnership envisages the development of 10 CBG plants, each with a designed capacity of 18 metric tonnes per day, taking the planned aggregate capacity to approximately 180 metric tonnes per day. The combined investment for the proposed portfolio is estimated at around Rs 1,200 crore, it informed. The partnership brings together Petronet LNG's established position in India's LNG and natural-gas infrastructure ecosystem with Gruner Renewable Energy's experience in CBG project development, engineering, feedstock mobilisation and plant operations. The

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