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Petronet LNG Ltd. Company History and Annual Growth Details

2004

- Asian Development Bank (ADB) acquires 5.2% equity stake in Petronet LNG

-Petronet inks debt syndication agreements with banks and financial institutions

-Petronet LNG gets 1year permit for in-chartering LNG tanker

-Comes out with an Initial Public Offering (IPO) of 260.90 million equity shares in the Rs 13-15 price band, receives application for 278 million equity shares, issue oversubscribed by 4.2 times

- Petronet LNG Ltd enters into Memorandum of Collaboration with IBP Company Ltd on August 25, 2004 for development of LNG distribution business through cryogenic technology under the concept of 'The Virtual Pipeline'.

-Petronet CEO gets France's civilian honour

2005

-Petronet join hands with IBP for LNG supply to Gujarat

-Petronet's Dahej gets new gas consignment

2006

-Petronet LNG & Adani Group signs JV agreement for building Solid Cargo Port at Dahej

-Petronet LNG Ltd has informed that Dr. U D Choubey, Director (Marketing) of GAIL (India) Ltd, has been appointed as nominee Director of GAIL on the Board of the Company w.e.f. November 27, 2006 in place of Shri. B S Negi, who has superannuated from the services of GAIL w.e.f. October 31, 2006.

2008

-Petronet LNG Ltd has informed that Mr. S V Narasimhan has been appointed as Nominee Director of Indian Oil Corporation (IOCL) on the Board of the Company in place of Mr. B M Bansal w.e.f. April 16, 2008.

-Petronet LNG Ltd has informed that Mr. S V Narasimhan has been appointed as Nominee Director of Indian Oil Corporation (IOCL) on the Board of the Company in place of Mr. B M Bansal w.e.f. April 16, 2008.

-Petronet LNG Ltd has informed that Mr. Seethapathy Chander has been appointed as Nominee Director of Asian Development Bank (ADB) w.e.f. July 16, 2008 on the Board of the Company in place of Mr. Arun Duggal who has resigned from the office of Director.

-Petronet LNG Ltd has appointed Shri. R S Pandey, Secretary (P&NG), Ministry of Petroleum & Natural Gas, as Director and Chairman of the Company.

2009

-ExxonMobil and Petronet Sign Gorgon LNG Supply Agreement

-Petronet ties up 1.5-mn-tonnes/year LNG import from Australia

 
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