Petronet LNG , India's largest gas importer, is seeking shareholder approval through a postal ballot to extend the tenures of two key executives. The company aims to extend the term of Akshay Kumar Singh, Managing Director & CEO, and Pramod Narang, Director (Technical).

Key Details of the Extensions

Postal Ballot and E-Voting Details

Previous Extension for AK Singh

It's worth noting that AK Singh had previously received a 15-month extension to his tenure. Some key details of that extension include:

Financial Compensation

Singh's remuneration package for the fiscal year 2024-25 was previously disclosed:

This package includes salary, allowances, and profit commission.

Company Ownership Structure

Petronet LNG operates as a private limited company, despite significant government oversight. Its ownership is equally distributed among four state-owned oil companies:

Implications and Context

These proposed extensions for both AK Singh and Pramod Narang highlight Petronet LNG's desire for continuity in its top management. The move to seek shareholder approval through a postal ballot demonstrates the company's commitment to corporate governance and transparency.

As India's largest gas importer, Petronet LNG plays a crucial role in the country's energy landscape. The potential stability in its leadership, as evidenced by these proposed extensions, may be seen as a positive sign for the company's strategic direction and operational continuity in the coming years.

Shareholders will have the opportunity to vote on these extensions during the e-voting period, with the results expected to be announced shortly after the voting concludes.

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.