Petronet LNG Limited has announced its board meeting schedule to review and approve the company's third-quarter financial performance for fiscal year 2026. The announcement comes as part of the company's regular disclosure obligations under SEBI regulations.

Board Meeting Details

The company has scheduled its Board of Directors meeting for February 12, 2026, to consider and approve unaudited financial results for the quarter and nine-months ended December 31, 2025. The meeting notice was formally communicated to both the Bombay Stock Exchange and National Stock Exchange on February 2, 2026.

Trading Window Closure

In accordance with the company's Code for Prevention of Insider Trading and SEBI guidelines, Petronet LNG has implemented a trading window closure for all insiders. The trading window, which was initially closed from January 1, 2026, will remain closed until February 14, 2026.

The closure period extends until 48 hours after the financial results become generally available to the public. All insiders have been specifically advised not to deal with the company's securities during this restricted period.

Regulatory Compliance

The board meeting announcement has been made pursuant to Regulation 29(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also referenced the Stock Exchange circular dated April 2, 2019, regarding insider trading prevention measures.

Petronet LNG had previously informed the stock exchanges on June 18, 2025, about the planned trading window closure for the third-quarter results period. This advance notification demonstrates the company's commitment to maintaining transparency and regulatory compliance in its disclosure practices.

Petronet LNG Limited has strengthened its market position through two strategic agreements signed on January 27, 2026, expanding its regasification services and RLNG sales capabilities. The agreements were executed during India Energy Week 2026 at ATI ONGC, Goa, marking significant developments in India's LNG sector.

Five-Year Master Regasification Agreement with ONGC

Petronet LNG Limited and Oil and Natural Gas Corporation (ONGC) Limited have entered into a Master Regasification Agreement (MRA) for LNG regasification services at PLL's Dahej regasification terminal. The agreement enables ONGC to supply regasified natural gas to meet downstream consumer requirements.

The MRA aligns with ONGC's strategic objective of supplementing domestic natural gas production with LNG-based supplies to address growing demand across various consuming sectors. ONGC has expressed interest in gas marketing by importing LNG and selling RLNG for market and captive usage, supported by the expansion of gas pipelines, CGD network, and LNG regas terminals in India.

One-Year Master Agreement with Mahanagar Gas Limited

Petronet LNG Limited has also executed a Master Agreement with Mahanagar Gas Limited (MGL) for the sale of Regasified LNG. Under this agreement, PLL will undertake procurement of LNG cargoes and sell RLNG to MGL.

The agreement provides operational and supply flexibility to MGL for augmentation and optimization of its gas supply portfolio based on international spot prices. This execution aligns with PLL's objective of optimal utilization of its regasification infrastructure and provision of integrated LNG sourcing and regasification services to gas consumers, including City Gas Distribution (CGD) entities.

Related Party Transactions

Both agreements involve related party transactions conducted on an arm's length basis. ONGC is one of PLL's promoters, with the CMD of ONGC serving as a Nominee Director on PLL's Board per the Articles of Association. MGL is also a related party as GAIL holds a 32.50% equity stake in MGL, making it a promoter group company.

Company Overview and Infrastructure

Petronet LNG Limited operates as a joint venture promoted by four Oil & Gas Maharatna PSUs—GAIL, ONGC, IOCL, and BPCL—each holding a 12.50% equity stake. Incorporated in 1998, the company commands 43% of India's LNG regasification capacity and manages around 2/3rd of the nation's LNG imports.

PLL operates two LNG regasification terminals at Dahej, Gujarat and Kochi, Kerala. The company is augmenting Dahej terminal capacity from 17.50 MMTPA to 22.50 MMTPA, which is expected to be commissioned shortly. Additionally, PLL is developing a land-based greenfield LNG regasification terminal of 5 MMTPA capacity at Gopalpur, Odisha, and establishing a 750 KTA PDH and 500 KTA PP unit with ethane and propane handling facilities at Dahej, Gujarat.