{"id":394429,"date":"2021-01-11T11:20:52","date_gmt":"2021-01-11T05:50:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394429"},"modified":"2021-01-11T11:43:30","modified_gmt":"2021-01-11T06:13:30","slug":"petronets-prospects-get-a-lift-from-kochi-terminal-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/petronets-prospects-get-a-lift-from-kochi-terminal-outlook\/","title":{"rendered":"Petronet\u2019s prospects get a lift from Kochi terminal outlook"},"content":{"rendered":"<p>Shares of Petronet LNG Ltd are about 3% lower than their pre-covid highs seen in January 2020. This is despite the fact that the stock has appreciated as much as 52% from the lows seen in March.<\/p>\n<p>There is some good news though. The completion of the Kochi-Mangaluru gas pipeline lifts Petronet\u2019s prospects. Delay in the pipeline\u2019s commissioning meant that Petronet was not able to reap the benefits of its 5 mtpa (million tonne per annum) Kochi terminal. While Petronet\u2019s Dahej terminal (17.5 mtpa capacity) clocking optimum utilization levels kept driving earnings, utilization levels at Kochi remained subdued at about 15%. This can now improve to 30% plus level, with gas supplies commencing from the new pipeline and rising further over time.<\/p>\n<p>\u201cThe operational break-even for Kochi terminal is at 25% utilization,&#8221; said Abhijeet Bora, analyst at Sharekhan. As such, the Kochi terminal can be expected to start contributing to profit. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Petronet LNG Ltd are about 3% lower than their pre-covid highs seen in January 2020. This is despite the fact that the stock has appreciated as much as 52% from the lows seen in March. There is some good news though. The completion of the Kochi-Mangaluru gas pipeline lifts Petronet\u2019s prospects. Delay in the pipeline\u2019s commissioning meant that Petronet was not able to reap the benefits of its 5 mtpa (million tonne per annum) Kochi terminal. While Petronet\u2019s Dahej terminal (17.5 mtpa capacity) clocking optimum utilization levels kept driving earnings, utilization levels at Kochi remained subdued at about [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-394429","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=394429"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394429\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}