Indian gas grid and LNG terminal operator GAIL increases profits even as revenues from operations decline
GAIL India, the state-owned LNG importer and natural gas pipeline grid and city-gas operator, increased net profits though gas marketing earnings declined.
India’s Reliance Industries boosts natural gas to offset LNG imports and gives quarterly gas prices analysis
India’s Reliance Industries, the group with growing natural gas and oil and chemicals businesses, reported increased fiscal third-quarter earnings amid moves to boost the nation’s natural gas to offset LNG imports as prices start to decline.
Largest Indian LNG importer Petronet posts record revenues on high prices but regas volumes fall
Petronet LNG, the owner of the largest Indian import terminal at Dahej north of Mumbai, reported a record 39 percent surge in fiscal-year revenues, though posted a decline in net profits as regasification volumes rose during the fiscal fourth quarter compared with the previous three months while falling on an annual basis.
Reliance Industries of India has best ever quarter and keeps natural gas output prices at fraction of spot LNG
Reliance Industries, the leading Indian energy company supplying natural gas to supplement LNG imports, reported an almost 57 percent jump in fiscal third-quarter revenues while its domestic natural gas price was at just over $6 per million British thermal units.
