Motilal Oswal: Petronet LNG Clarity Affords Focus
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Motilal Oswal Report
The Tellurian deal officially expired on May 31 2020; however, Petronet LNG is still evaluating the deal, more as a commitment toward procuring Long-Term (LT) gas at cheaper spot-linked prices. PLNG specified that in the current environment of cheaper global gas prices (owing to the huge supply glut); low priced LNG is also available without making upstream investment.
PLNG is considering to set up an LNG terminal in Gopalpur (Odisha), connected to the Jagdishpur–Haldia–Bokaro–Dhamra Pipeline (JHBDPL approximately100 km away); this would be the biggest beneficiary of new-age City Gas Distribution gas demand in eastern India.
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