Petronet LNG Limited Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Petronet LNG Limited?

Petronet LNG Limited is the largest LNG supplier in India. It was created to meet the growing demand for natural gas and ensure a steady energy supply. The company is a joint venture involving major oil and gas companies from the Government of India, including ONGC, Indian Oil Corporation, Bharat Petroleum, and GAIL. Petronet LNG is essential for importing, regasifying, and distributing LNG throughout India. Below is an overview of the main products and services offered by Petronet LNG Limited:

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1- LNG Import and Regasification

• Petronet LNG runs important LNG terminals in India that support its regasification and distribution services. These terminals are located in key locations that effectively distribute LNG throughout different regions of India.

2- LNG Terminals

Petronet LNG operates major LNG terminals in India that serve as the backbone of its regasification and distribution services. These terminals are strategically located to distribute LNG across various regions in India efficiently:

• Dahej Terminal (Gujarat): This is Petronet's largest terminal, with a capacity of over 17.5 million metric tons per year. The Dahej terminal is crucial for supplying LNG to western and northern India.
• Kochi Terminal (Kerala): The Kochi terminal has a capacity of 5 million metric tons per year and serves southern India. Its use has been lower than expected due to limited pipeline connections, but it is important for diversifying India's LNG supply.
• Planned Terminals: Petronet LNG is looking to build new terminals to expand its services and meet the growing demand in India.

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3- LNG Supply to Power Plants and Industries

• The company supplies regasified LNG to power plants and industries that use natural gas. Power companies rely on LNG to generate electricity, making it crucial for India's energy needs. Industries like fertilizers, petrochemicals, refineries, and steel manufacturing also use natural gas as a clean and efficient fuel. Petronet's LNG helps these industries lower their carbon emissions while staying productive and efficient.

4- City Gas Distribution (CGD) Supply

• Petronet LNG provides natural gas to City Gas Distribution (CGD) companies, which then deliver it to homes, businesses, and vehicles. Households use natural gas for cooking and heating, while vehicles use compressed natural gas (CNG). This supply encourages cleaner fuel options in cities, helping to lower air pollution and reduce reliance on traditional fuels like diesel and petrol.

5- Liquefied Natural Gas (LNG) for Transportation

• They are examining the use of LNG as fuel for heavy vehicles like trucks and buses. LNG is cleaner and more efficient than diesel, especially for long trips and heavy loads. Petronet is setting up LNG refueling stations along important transport routes to help India move towards a lower-carbon transport system.

6- Technical and Engineering Services

• Petronet LNG provides technical and engineering services for LNG infrastructure, operations, and maintenance. With its experience in LNG projects, Petronet helps other companies and governments develop LNG facilities. Their services include design, project management, and operational support for LNG terminals, ensuring safe and efficient operations.

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7- LNG Storage and Handling

• Petronet LNG safely stores and handles LNG at its terminals. They use advanced cryogenic storage tanks and safety measures to keep the LNG at low temperatures until it is regasified and distributed. Good storage solutions are important for providing a steady supply of LNG, especially during high-demand times. Petronet's facilities are built to manage large amounts of LNG safely.

8- Expansion into Downstream Infrastructure

• To enhance its supply chain capabilities, the company is investing in downstream infrastructure projects, including building pipelines and transportation networks to deliver regasified LNG to remote areas. These investments will help Petronet serve more customers and strengthen the country's energy security by increasing access to natural gas in India.

9- Training and Capacity Building

• Petronet LNG offers training programs to improve skills in the LNG sector. These programs teach LNG handling, safety, and operational management, meeting the demand for skilled workers in India's growing LNG industry. By training staff for different roles, Petronet helps create a knowledgeable workforce that can operate LNG facilities safely and efficiently.

Question 2: Who are the promoters of Petronet LNG Limited?

The promoter of Petronet LNG Sandeep Kumar Gupta, Srikant Madhav Vaidya,  G., Krishnakumar and Arun Kumar Singh.  

Akshay Kumar Singh Managing Director and CEO of the company. He is a veteran of the Oil and Gas industry in India. His career spanning 38 years has wide-ranging experiences across design, engineering, planning, execution and O&M of complex pipeline systems and process plants. He has an unblemished track record of delivering challenging, complex and large-size transnational as well as cross-country pipeline projects of national importance.

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