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Nomura has a buy rating on Petronet LNG with the target price cut to Rs 340 from Rs 370. Analysts said the crisis in West Asia may hurt the company’s near-term volumes. They cut the company’s FY27 earnings before interest, taxes, depreciation and amortisation (EBITDA) by 23% as Ras Laffan may take months to come…
India’s top gas importer Petronet LNG has issued a force majeure notice to its supplier QatarEnergy and local buyers as its vessels are unable to reach Ras Laffan load port due to the crisis in West Asia, it said in an exchange filing on Wednesday.The US-Iran conflict has disrupted fuel shipments in the region. Transit…
Shares of Petronet LNG Ltd plunged almost 12% on Wednesday after reports that Qatar, India’s top supplier of imported natural gas, had declared force majeure following a halt in production amid the ongoing crisis in Middle East. On the BSE, the stock dropped 11.69% to Rs 273, while on the NSE it fell 11.95% to…
