ONGC Petronet LNG

Sir I am a new employee in the Petronet LNG so can you please tell me the at what is the role of the Oil and Natural Gas Corporation Limited (ONGC), in the company

[Shaleen]

Hey buddy the Petronet LNG Ltd is an Indian oil and gas company formed by the government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country.

It is a joint venture company promoted by the Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC),

Indian Oil Corporation Limited (IOC) and Bharat Petroleum Corporation Limited (BPCL) with an authorised capital of ₹ 1200 crores (US$240 million). Each has 12.5% equity share totaling to 50%


Petronet LNG Ltd has set up its first LNG terminal at Dahej in Gujarat with the capacity of 10 million metric tons per year.

The company is taking only 68% of the volumes it agreed to in 25-year contracts with RasGas of Qatar after a slump in global energy prices led to gas being available in spot or current market a roughly half that rate.

Capacity of Dahej Terminal will expand to 15 million tons per year till end of 2016.

Another terminal with capacity 5 million tons per year is commissioned in Kochi (Kerala) and started its operations in August 2013.

Petronet LNG is planning to set up its third LNG terminal with capacity 5 million tons per year probably in Andhra Pradesh.

It is expected that by 2016 Petronet LNG's total operating capacity will be 25 million tonnes per annum.