Brief: Petronet LNG Exec: In Discussion With Sri Lankan Authorities For Finalising Quantity For Supply

Petronet LNG

22/05/2024 13:18

May 22 (Reuters) - Petronet LNG Ltd  PLNG.NS :
    * PETRONET LNG EXEC: IN ACTIVE DISCUSSION WITH SRI LANKAN
AUTHORITIES FOR FINALISING QUANTITY AND TIMELINESS FOR SUPPLY OF
LNG
    * PETRONET LNG EXEC: LNG DEMAND IS COMING FROM POWER SECTOR
    * PETRONET LNG EXEC: DAHEJ PLANT IS OPERATING AT FULL
CAPACITY
    * PETRONET LNG EXEC: EXPECT HIGHER GAS DEMAND FROM POWER
SECTOR TO
CONTINUE FOR COUPLE OF MONTHS
    * PETRONET LNG EXEC: AT PRESENT LONG TERM LNG PRICES AND
SPOT
PRICES ARE SIMILAR AT NEARLY $11/MBTU
    * PETRONET LNG EXEC: SOME SPIKE IN SPOT PRICES SEEN IN
RECENT
TIMES
    * PETRONET LNG EXEC: LNG PRICES AFFECTED BY GEOPOLITICAL
FACTORS
AND EUROPE CONSUMPTION
    * PETRONET LNG EXEC: EXPECT LNG VOLUME GROWTH TO COME FROM
ASIAN
NATIONS LIKE CHINA AND INDIA
    * PETRONET LNG EXEC: EXPECT LNG PRICES TO RANGE BETWEEN
$12-15/MMBTU TILL WINTER
    * PETRONET LNG EXEC: DAHEJ LNG TERMINAL TO BE EXPANDED TO 
22.5
MTPA CAPACITY BY MARCH 2025
    * PETRONET LNG EXEC: AIMS TO SET UP LNG TERMINAL IN EASTERN
INDIA
IN 3 YRS


 ((Reuters.Briefs@thomsonreuters.com;))