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Petronet LNG (PLL) was formed on April 2, 1998 as Joint Venture Company (JVC) having shareholding of leading four Oil & Gas PSUs by Government of India order dated July 4, 1997. An Independent Board managed JVC created for development of facilities for the import, storage and regasification of Liquefied Natural Gas. The company is one of the leading companies in the Indian energy sector. The company was formed to import LNG and set up LNG terminals in the country, involving India's leading oil and natural gas industry players. The company’s promoters are GAIL (India) (GAIL), Oil and Natural Gas Corporaon (ONGC), Indian Oil Corporaon (IOCL) and Bharat Petroleum Corporaon (BPCL).
The company has set up its first LNG receiving and regasificaon terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. Petronet LNG is at the forefront of India's all-out national drive to ensure the country's energy security in the years to come with its major expansion plans which includes expansion of regasificaon capacity of Dahej terminal, new greenfield terminal on East Coast of India and a petrochemicals plant at Dahej amongst other projects.
Business area of the company:
Petronet LNG is engaged in import, storage and regasification of Liquefied Natural Gas (LNG). Its customers primarily consist of corporates such as Oil and Gas Entities, Gas Aggregators, Petrochemical Entities, Refineries, City Gas Distribution Entities, Fertilizer and Power Generating Entities and Other Industrial Entities.
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