Motilal Oswal: Petronet LNG Volumes Continue To Surprise; Utilisation Rate Back To Pre-Covid-19 Levels

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.In Q1 FY21, Petronet LNG Ltd.’s better-than-estimated volumes at 190 trillion British thermal units (up 5% versus estimate), led to marginal Ebitda beat at Rs 9 billion.The company has given an update on its current operations, highlighting that post lifting of the lockdown, regasified liquefied natural gas demand has recovered gradually.Since the first week of June 2020:a) Dahej terminal is operating at 100% capacity of 17.5 million metric tonne per annum (63 million metric standard cubic meter per day versus January-February 2020 average of 92% capacity of approximately 58 mmscmd)b) Kochi terminal is operating at 20% capacity of approximately 3.57 mmscmd.Various power plants are switching off coal due to the current lower spot gas price environment, resulting in higher gas offtake and imports.Negotiations with Qatar Gas over liquefied natural gas pricing are ongoing.Petronet LNG has indicated that a final decision on the memorandum of understading with Tellurian Inc. could be reached in FY21..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: Petronet LNG Volumes Continue To Surprise; Utilisation Rate Back To Pre-Covid-19 Levels

Motilal Oswal: Petronet LNG Volumes Continue To Surprise; Utilisation Rate Back To Pre-Covid-19 Levels

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