Petronet LNG , India's largest liquefied natural gas importer, expects to receive its inaugural cargo from the Gorgon LNG Project under a new agreement by March-April 2026, according to a company executive. This development marks a significant step in Petronet's efforts to secure long-term LNG supplies for the growing Indian market.

Key Details of the LNG Agreement

• Contract Volume: 1.2 million tonnes per year
• Expected First Delivery: March-April 2026
• Supplier: Gorgon LNG Project

LNG Price Forecast and Utilization

A Petronet LNG executive has predicted that LNG prices may remain in the $11.00-12.00 per MBTU range. However, this forecast is dependent on winter severity conditions, indicating potential fluctuations based on seasonal factors.

Petronet LNG executives anticipate increased utilization of the Dahej LNG terminal capacity amid stable global prices. The company projects that imported LNG will constitute 51% of local gas consumption by FY26.

Planned LNG Acquisition

Petronet LNG plans to acquire 500,000 tons of LNG under a 1.2 million tons per year contract from Australia's Gorgon LNG Project by 2026. This acquisition aligns with the company's strategy to secure long-term LNG supplies for the Indian market.

Company Updates

In addition to the anticipated LNG delivery, Petronet LNG has recently made several important announcements:

Financial Performance

The company's Board of Directors approved the unaudited financial results for the quarter and half-year ended 30th September 2025 in a meeting held on 7th November 2025.

Interim Dividend Declaration

Petronet LNG has declared an interim dividend:

The record date and payment details for this interim dividend will be communicated separately.

Leadership Extensions

The Board has approved tenure extensions for key executives:

1. Shri Pramod Narang (Director - Technical)

   • Extended for two years
   • New tenure: 26th November 2025 to 25th November 2027
   • Subject to shareholder approval

2. Shri Akshay Kumar Singh (Managing Director & CEO)

   • Extended tenure: 1st February 2026 to 12th May 2027
   • Continues as whole-time Key Managerial Personnel (KMP)
   • Subject to shareholder approval

These strategic moves, including the anticipated LNG cargo delivery, price forecasts, planned LNG acquisition, and leadership continuity, underscore Petronet LNG's commitment to maintaining its position in India's growing LNG market. The company continues to focus on securing long-term supply agreements and ensuring stable leadership to navigate the evolving energy landscape.

Petronet LNG Limited, India's leading liquefied natural gas importer, has announced its financial results for the quarter and half-year ended September 30, 2025, showcasing robust performance despite ongoing challenges.

Financial Highlights

The company's Board of Directors has declared an interim dividend of Rs 7 per equity share (face value Rs 10) for the financial year 2025-26, demonstrating confidence in the company's financial stability and commitment to shareholder returns.

Operational Challenges

Petronet LNG continues to face challenges related to Use or Pay (UoP) dues, which have accumulated due to lower capacity utilization by customers under long-term regasification agreements. The total gross UoP dues stand at Rs 1,392.68 crore, with a net figure of Rs 656.84 crore after provisions. These dues are spread across multiple financial years:

To address this issue, the company has implemented recovery mechanisms and obtained bank guarantees from customers to secure the recovery of these dues.

Corporate Governance Updates

In addition to the financial results, Petronet LNG has made two significant announcements regarding its leadership:

1. The Board of Directors has approved a two-year extension for Shri Pramod Narang as Director (Technical), effective from November 26, 2025, to November 25, 2027. This decision is subject to shareholder approval.

2. The tenure of Shri Akshay Kumar Singh as Managing Director & CEO and whole-time Key Managerial Personnel (KMP) has been extended from February 1, 2026, to May 12, 2027, also pending shareholder approval.

These extensions in leadership roles suggest a focus on maintaining continuity in the company's strategic direction and operations.

Petronet LNG's performance in the face of industry challenges demonstrates its resilience and strategic management. The company's ability to maintain profitability while addressing operational issues positions it well for future growth in India's evolving energy landscape.