Petronet LNG's Q3 Profit Up 33%

India's Petronet LNG said February 8 it made a profit of rupee 5.29bn ($80mn) for the October-December 2017 quarter (Q3), up 33% year on year thanks to higher volumes of LNG processed

For the April-December 2017 period, the company reported all time high profit of rupees 15.55bn, up 26% year on year. The Indian financial year runs from April to March of the following year.

During the October-December 2017 quarter, Petronet LNG processed highest ever combined throughput in a quarter at 223 trillion Btu. The Dahej terminal processed highest ever quantity of 215 trillion Btu of LNG and operated at around 113% of its name plate capacity. The Dahej terminal witnessed increase in throughput over the previous quarter by 2% and increase in throughput over the corresponding quarter by 15%, respectively. The Kochi terminal processed a quantity of 8 trillion Btu of LNG.

Petronet LNG operates two terminals in India: at Dahej, in the western Indian state of Gujarat, and at Kochi, in the southern India state of Kerala.