Petronet LNG, India’s biggest LNG importer, on February 11 reported a 30% year/year increase in profit during the three months ending December 31 (Q3) as demand for gas recovered to pre-Covid-19 levels. 

The company realised a profit of rupees 8.78bn ($112mn) compared with rupees 6.75bn in the corresponding quarter of the previous year. Profit was down 5% quarter/quarter.  

During the quarter Petronet’s Dahej terminal handled 222 trillion Btu of LNG, unchanged yr/yr. Overall, the company took 235 trillion Btu of LNG, up from 233 trillion Btu in the same quarter of last year. 

Petronet LNG operates two LNG receiving terminals in India: Dahej in Gujarat on the west coast and the other is in Kerala in the south.