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Dolat Capital Report
Petronet LNG Ltd.’s higher volumes were clocked in FY20, due to higher efficiency in operations and expansion of nameplate capacity at Dahej terminal.
Last few days of March 2020, was affected due to nationwide lockdown, however normal volumes have bounced back and the Dahej terminal is running at a capacity utilization of close to 100% with industries starting up and higher usage of gas from power and other industries as spot liquefied natural gas prices are low.
Capacity utilization at Kochi terminal is low and is expected to improve after the completion of the Kochi - Mangalore pipeline by end of August 2020.
The capacity utilization of Kochi terminal after completion will reach around 30 -35%, which will further boost earnings.
Given the gradual capacity addition and increase in re -gasification margins, Petronet LNG is likely to benefit from gas demand evolution in India.
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