Petronet LNG , India's largest gas importer, has announced a significant extension to the tenure of its top executive. Akshay Kumar Singh, the company's CEO and Managing Director, will continue to lead the organization for an additional 15 months, with his term now set to conclude on May 12, 2027.

Key Details of the Extension

Financial Compensation

Singh's remuneration package for the fiscal year 2024-25 has been 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:

Additional Board Decision

In a related move, the board has also extended the tenure of another key executive:

Implications and Context

This extension for AK Singh is notable as it will allow him to continue serving beyond the typical retirement age of 60 for public sector companies. At the conclusion of his extended term, Singh will be 66 years old. This decision underscores the company's confidence in Singh's leadership and the desire for continuity in its top management.

The move also highlights the unique position of Petronet LNG as a private limited company with significant public sector influence, allowing for greater flexibility in its executive retention policies.

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

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.