299.8500 -5.20 (-1.70%)
NSE Jul 11, 2025 15:31 PM
Volume: 2.6M
 

299.85
-1.70%
Motilal Oswal
23 September 2019 Oil & Gas The Tellurian liquefaction project at Lake Charles in the US will source gas from the Permian basin, where the wellhead cost of gas is currently at - USD0.25/mmbtu. The project might also source gas from Marcellus and other fields as and when the economies of gas sourcing appear favorable. Assuming sourcing of gas at USD1/mmbtu, along with pipeline, liquefaction and other costs at USD1.5-1.8/mmbtu, the landed price in India would be no more than USD5.5-6.0/mmbtu. The contract with Tellurian would also assist PLNG with expiry of its LT RasGas contract in 2028. PLNG expects Tellurian gas landed price in India to be under USD6/mmtbu. Long-term gas demand in India will get a further boost from various directives of the National Green Tribunal (NGT) and the respective state Pollution Control Boards (PCB) to shift from dirty fuels to usage of natural gas as an important tool to reduce air pollution.
Motilal Oswal upgraded Petronet LNG Ltd. to Buy with a price target of 410.0 on 05 Jul, 2025.
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