Page 18 - AsianOil Week 45

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SOUTH ASIA Gas Transmission, 9% in Gas Marketing, ever PBT of Rs 1,242 Crore in the current
10% in LPG Transmission, 22% in quarter, as against Rs 697 Crore in the
Vedanta announces results Petrochemical Sales and 12% in Liquid previous quarter and Rs 885 Crore in the
corresponding quarter. The PAT for the
Hydrocarbon Sales.
Vedanta today announced its unaudited GAIL’s Petrochemical business has seen current quarter was reported at Rs 927 Cr as
consolidated results for the Second quarter a major turnaround. The plant is operating against the PAT of the previous quarter and
(Q2) and half year ended 30th September back to normal levels with jump in corresponding quarter i.e. Rs 520 Crore and
2020. production by 65% to 221 TMT as against Rs 1,103 Crore respectively.
Revenues of ₹ 20,804 crores, up 33% q-o-q, 134 TMT in Q1 of FY21. On account of The strong financial results in Q2,
primarily due to increase in commodity prices better physical performance and price 2020-21, was achieved due to resurgence
and better volumes at Zinc, Iron ore and realization, the profitability of the segment of demand to pre-COVID 19 level,
Copper business. Robust EBITDA margin has reached Rs. 170 crore during Q2 FY21. robust operational efficiency and effective
of 36%. EBITDA of ₹ 6,531 crores, up 63% On Quarter-to-Quarter basis, the PBT commercial planning by the Company.
q-o-q. Attributable PAT (before exceptional has increased to Rs. 1,551 crore in Q2 FY21 The Board of Directors approved a
items and tax on dividend) of ₹ 1,979 crores, from Rs. 1,535 crore in Q2 FY20 and PAT special interim dividend of 80 % on equity,
up 75% q-o-q. has increased to Rs. 1,239 crore from Rs. which is Rs 8 / share.
Average gross production of 165 kboepd 1,064 crore. PETRONET LNG, November 11, 2020
for the quarter, up by 4% q-o-q. 239 wells On half-yearly basis, GAIL recorded
drilled. 98 hooked-up, up by 14% q-o-q. turnover of Rs. 25,671 crore in H1 FY21 as
Lower operating expense at Rajasthan block against Rs. 36,286 crore in H1 FY20 and SOUTHEAST ASIA
for Q2 FY2021 at $7.0/boe vs $8.2/boe in PAT of Rs. 1,495 crore in current half year
Q2 FY2020. as against Rs. 2,352 crore in H1 FY20. Petronas start LNG
VEDANTA, November 6, 2020 During the quarter, the group’s
consolidated turnover stood at Rs. 13,774 bunkering business
GAIL registered Q2 PAT of crore as against Rs. 12,152 crore in Q1 FY21 Petroliam Nasional Berhad (PETRONAS)
while the group’s PAT stood at Rs. 1,068
Rs. 1,239 crore crore as against Rs. 643 crore in Q1 FY21. has officially launched its Liquefied Natural
Gas (LNG) bunkering business by completing
GAIL (INDIA), November 10, 2020
GAIL (India) Limited recorded 13% increase its first LNG bunkering operation at Pasir
in Turnover to Rs. 13,611 crore vis-a-vis Rs. Petronet LNG release Gudang, Johor. Through a collaboration with
12,060 crore in Q1 FY21 while Profit before Titan LNG, a leading LNG bunkering solution
Tax (PBT) increased to Rs. 1,551 crore as financial results provider operating in Europe, the operation
against Rs. 356 crore in Q1 FY21. The Profit involved a ship-to-ship LNG bunkering
after Tax (PAT) increased to Rs. 1,239 crore in During the quarter ended 30th September, transfer from MV Avenir Advantage,
Q2 vis-a-vis Rs. 256 crore in Q1 FY21. 2020 (current quarter), Dahej terminal PETRONAS’ first LNG Bunkering Vessel
Both physical as well as financial processed the highest ever 243 TBTU of LNG (LBV) to SIEM Aristotle.
performance of the company improved as against 181 TBTU processed during the PETRONAS’ latest LNG bunkering
across all major segments in Q2. After previous quarter and 240 TBTU processed solution is a part of the Company’s suite
relaxations in the lockdown imposed due during the corresponding quarter. The highest of cleaner energy solutions in meeting its
to pandemic COVID-19 in Q1 and with ever overall LNG volume processed by the customers’ emerging needs. These include
the resumption of economic activities, Company in the current quarter was 254 the Virtual Pipeline System solution to
the volumes picked up in all segments TBTU, as against the LNG volume processed deliver LNG to off-grid customers in
of the company to normal levels in Q2 in the previous and corresponding quarter, Peninsular Malaysia that was launched in
FY21 resulting in increase in the profit which stood at 190 TBTU and 250 TBTU September 2020.
as compared to Q1 FY21. The Physical respectively. Under the PETRONAS Marine
Performance improved by 18% in Natural The Company has reported highest brand, the 7,500 cubic meter MV Avenir
Advantage will be offering LNG bunkering
business to promote the use of LNG as a
cleaner marine fuel. This will also be the
first dedicated LBV to serve customers in
South East Asia.
Commenting on the start of PETRONAS’
LNG bunkering business, PETRONAS
Executive Vice President and Chief
Executive Officer of Gas and New Energy,
Adnan Zainal Abidin said: “With the
LBV and the strategic location of our
regasification facilities in Pengerang,
Johor, and Sungai Udang, Malacca, we’ve
strengthened Malaysia’s position as an LNG
bunkering hub that provides reliable and
cost-competitive cleaner energy solutions.
Our LBV can also operate as an LNG carrier

P18 www. NEWSBASE .com Week 45 12•November•2020