Petronet LNG Limited - Green India with Clean Fuel

Shri. Akshay Kumar Singh, MD & CEO, Petronet LNG Limited said “the existing long-term agreement
between Petronet LNG & QatarEnergy today accounts for around 35% of India’s LNG imports and is of
national importance. Renewal of this agreement is a step towards achieving vision of Hon’ble Prime
Minister of India to make India a gas-based economy and increase share of natural gas in India’s primary
energy basket to 15% by year 2030. This agreement will provide energy security and ensure stable &
reliable supply of clean energy and help India in its stride towards greater economic development.”
He further added that the long-term LNG purchase agreement with QatarEnergy will further strengthen the
existing relationship between the two Companies.

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Globally gas field finds and production are on an uptick and ESG conscious exploration companies are reorienting their investment portfolio towards gas as demand for the same is projected to grow.
I believe gas prices will remain range bound (barring a few seasonal aberrations) and competitive compared to coal. Latest gas discovery in India should be a shot in the arm for India’s aspiration to improve consumption of gas (a much cleaner fuel than coal) as an energy source.

Disc- Recent investor in Petronet after Q3 results.

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]GAIL Plans to Double Capacity at Its Dabhol LNG Terminal - The Economic Times

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