### **1. Company Overview** Petronet LNG Limited (PLL) is India’s leading LNG regasification company, established as a joint venture by major public sector undertakings—GAIL (India) Ltd, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation Limited (IOCL), and Bharat Petroleum Corporation Limited (BPCL), each with a 12.5% equity stake. The company plays a pivotal role in India’s energy security by importing, storing, and regasifying liquefied natural gas (LNG) for downstream consumption. Its core operations are centered around the Dahej (Gujarat) and Kochi (Kerala) LNG terminals, which together handle around **18 MMTPA** of LNG annually, with ongoing capacity expansion. PLL is pursuing a strategic transformation under its **"1-5-10-40" growth plan**, targeting **Rs. 1 lakh crore in revenue**, **Rs. 10,000 crore in profit**, backed by **Rs. 40,000 crore in investments** over five years. As of September 2025, the company has initiated projects worth **Rs. 30,000 crore**, signaling strong execution momentum. --- ### **2. Core Operations & Infrastructure Expansion** #### **Dahej Terminal Expansion (22.5 MMTPA)** - The Dahej LNG terminal's regasification capacity is being expanded from **17.5 MMTPA to 22.5 MMTPA** through a brownfield project costing **~Rs. 580 crore**, executed on EPCM basis. - The project included the construction of two new LNG storage tanks and an upgraded gassing-up facility. It was completed in **FY 2024–25**. - The **Dahej terminal tariff** is contractually fixed to increase **5% annually until 2036**, with no downward revision, ensuring stable and predictable long-term revenue. #### **Third Jetty at Dahej** - A **2.5 km-long third jetty** is under construction at Dahej at a cost of **Rs. 1,700 crore** to handle LNG, ethane, and propane. - The jetty can accommodate vessels from **65,000 to 266,000 cubic meters**, including **Q-Max ships**, and supports the upcoming **petrochemical complex** and **third-party ethane tolling services**. - Environmental and statutory clearances are in place, with construction underway post-monsoon. #### **Gopalpur LNG Terminal, Odisha (5 MMTPA)** - PLL is developing its **third LNG terminal** at **Gopalpur, Odisha**, shifting from an FSRU-based model to a **land-based facility** with **5 MMTPA** capacity in the first phase. - The project has secured **80 acres of land** from the Government of Odisha; environmental clearance is at an advanced stage. - The Gopalpur terminal aims to **strengthen India’s eastern LNG import infrastructure**, serving anchor customers like **NALCO, Vedanta, and Utkal**. - It is expected to reach **50–60% utilization** within 3–4 years of commissioning. #### **Truck Loading Capacity Expansion** - The company is increasing LNG truck loading capacity at Dahej and Kochi to serve off-grid, non-pipeline customers. - **Four additional TLF skids** are being installed at Dahej and **two at Kochi**, at a cost of **Rs. 76 crore**, to meet rising demand from industrial, automotive, CGD, and mining sectors. --- ### **3. Strategic Diversification & Forward Integration** #### **Petrochemical Complex at Dahej (Rs. 20,685 Crore Project)** - PLL is executing the **largest diversification in its 25-year history** with a **₹20,685 crore petrochemical project** at Dahej, approved by the board in **November 2023**. - The integrated complex includes: - **750 KTA Propane Dehydrogenation (PDH)** unit - **500 KTA Polypropylene (PP)** unit - **Ethane/propane import and handling system** - The project leverages **existing land, infrastructure, and utilities**, and uniquely uses **cold energy from LNG regasification** for cryogenic processes—**first in India, possibly globally**—reducing power consumption by **10–12 MW** and cutting Scope 2 emissions. - The project is expected to deliver: - **Project IRR of 20%**, **equity IRR of 30%** - Funded via **70:30 debt-equity**, with the company maintaining **100% dividend payout** during construction. - **Off-take secured**: - **250 KTA propylene** (15-year agreement, extendable to 20 years) with **Deepak Phenolics Limited** - **11 KTA hydrogen** sold under binding agreement - Two customers nearing finalization for tolling of **1,200 KTA ethane** #### **Hybrid Renewable Power Initiative** - PLL is evaluating: - A **~150 MW hybrid renewable power plant** via **group-captive model** at Dahej in collaboration with global partners. - A **~30 MW renewable plant** for current energy needs under a similar model. - These initiatives align with **ESG goals**, aiming to reduce long-term energy costs and carbon footprint. #### **Propane Storage & Monetization** - A **300 KTA propane tank** facility is being developed at Dahej with spare throughput capacity. - The company plans to monetize this capacity by engaging off-takers. --- ### **4. Renewable Energy & Emerging Businesses** #### **Compressed Biogas (CBG) Initiative** - PLL has strategically entered the **CBG sector**, in line with the **SATAT and GOBARdhan** initiatives. - Plans to develop **25 CBG plants** nationwide; first **three sites (Bahraich, Fatehpur, Kanpur Dehat)** in Uttar Pradesh are underway. - Land leases are finalized, EPC tenders issued, and pre-project activities initiated. #### **Green Hydrogen & Fuel Cells** - PLL is exploring entry into the **green hydrogen value chain**: - Engaged in discussions with technology providers and consultants. - Collaborating with **NITK Surathkal** on **PEM fuel cells (LT-PEFCs)** and **alkaline water electrolysers (AWEs)**. - Plans to **sell 22 KTPA of hydrogen** from the Dahej petrochemical complex. - Developing **hydrogen fuel cell stacks for high-end drones**, aiming to **quadruple flight times** compared to lithium-ion batteries. #### **Cryogenic LNG Supply to Stranded Plants** - Assessing use of **cryogenic trucks** to supply LNG from the **Kochi terminal** to stranded gas-based power plants, enhancing terminal utilization and regional power supply. --- ### **5. LNG Mobility & Infrastructure** - **LNG as a Green Fuel**: PLL actively promotes LNG for **medium and heavy commercial vehicles (M&HCVs)**, offering: - **20–22% lower CO₂ emissions** - Near-elimination of **SOx and particulate matter** - **LNG Corridors**: Four stations are operational in **Tamil Nadu (3) and Karnataka (1)**; **ten more** are planned along **Delhi–Mumbai**, **Mumbai–Bangalore** corridors and in **Odisha**. - Collaboration with **OMCs and CGD players** to develop **LCNG/LNG dispensing stations**, supported by PNGRB clarifications. #### **LNG Bunkering & Maritime** - A wholly-owned subsidiary, **Petronet Energy Limited (PEL)**, set up in 2021 to enter **LNG bunkering** and trading. - The planned facility at **Puthuvypeen SEZ, Kochi**, will serve **East-West shipping routes**. --- ### **6. International Ventures & Partnerships** #### **LNG Supply to Sri Lanka** - PLL is assessing supply of LNG to the **220 MW Sobadhanavi RLNG-based power plant** in **Kerawalapitiya, Colombo**, via **ISO containers** as an interim solution. - **MoU signed with LTL Holdings** (GoSL-nominated entity) on **August 20, 2024**, covering long-term LNG supply and infrastructure development. #### **Bangladesh – Matarbari Terminal** - PLL has been **shortlisted** to bid for a **land-based LNG terminal at Matarbari, Bangladesh**, on a **BOOT basis**. #### **Petronet LNG Singapore Pte. Ltd.** - A fully-owned Singapore subsidiary to pursue **global LNG trading, portfolio optimization, hedging, and overseas investments**. - Aims to strengthen PLL’s footprint in the **Asian LNG market**. --- ### **7. Supply Chain & Customer Engagement** - **Long-term Tolling Services**: PLL is the **only company in India** offering **long-term ethane tolling** from Dahej, supporting feedstock security for domestic petrochemicals. - **DFPCL LNG Deal (2026–2031)**: - Signed **5.5-year agreement** with **Performance Chemiserve Limited (PCL)**, subsidiary of **Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL)**. - Will regasify **~0.5 MMTPA (25.6 TBTUs)** of LNG annually at Dahej, generating **~Rs. 1,200 crore** in revenue, with **~20% upside potential**. - Exploring **propane sourcing and hedging strategies** with global partners for **feedstock cost predictability**. --- ### **8. Operational Excellence & Sustainability** - **Record Performance (FY 2024–25)**: - Highest daily, monthly, and quarterly gas send-out volumes. - Record LNG truck fillings. - **Safety Recognition**: - Both **Dahej and Kochi terminals** received **British Safety Council’s 5-Star Rating & Sword of Honor** for two consecutive years—**only terminals in India** to do so. - **Innovation**: - Developed a **300 kLD water treatment plant** at Dahej that produces **potable water from LNG regasification by-product**; scalable to other terminals. - Cold energy recovery projects for **industrial cooling** in-line with sustainability goals. --- ### **9. Leadership & Governance** **Shri Akshay Kumar Singh** - Founder-Chairman of **Pelton Energy Limited (PEL)** and **Petronet LNG Singapore Pte Ltd**. - Key figure in major national energy projects including **Dabhol–Bengaluru** and **Dahej–Uran pipelines**, and **Indradhanush Gas Grid**. - Former CMD of **BPCL** and **Chairman, IGL**. **Shri Pramod Narang (Director, Technical)** - Over 35 years at **Indian Oil Corporation**, now driving PLL’s expansion. - Leading projects like Dahej expansion, third jetty, Kochi GUCD upgrade, and Gopalpur terminal development. **Shri Manoj Jain (Business Development)** - 34 years at **GAIL**, with expertise in petrochemicals, pipelines, and renewable projects. - Served as COO of **Brahmaputra Cracker and Polymer Ltd**.