SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Petronet LNG to buy stakes in gas fields abroad

29 Apr 2009 Evaluate

Petronet LNG, which is the country’s biggest natural gas importer, plans to go upstream through acquisition of stakes in on shore gas field in Papua New Guinea and offshore gas field in Australia, in partnership with ONGC. It also plans to set up gas liquefaction plants in the two regions, involving a total investment of up to $20 billion.

 

The company is looking at these so-called farm-in arrangements for gas fields with total reserves of 7-12 trillion cubic feet (tcf) gas. These reserves would be able to support a 5-7 million tonne liquefaction plant for a 25-year period. Setting up of a plant of this capacity typically involves an investment of $8-10 billion and could take at least 5-6 years.

 

The due diligence at both these locations is over. The talks on financial valuation are expected to begin shortly. The purpose behind this initiative is to secure an independent source of energy supply for India and curb the volatility in delivered gas prices. The process is likely to be over by this calendar year.

 

The purchase of stake in gas fields and setting up of liquefaction plants would require a total investment of as much as $32-40 billion, which will be funded through a mix of debt (70 per cent) and equity (30 per cent).

crackcrack

Petronet LNG Share Price

275.70 3.65 (1.34%)
21-Apr-2026 10:50 View Price Chart
Peers
Company Name CMP
Petronet LNG 275.70
Bharat Coking Coal 36.20
Linde India 7090.85
Refex Industries 258.00
IRM Energy 217.15
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×