For Petronet LNG, the West Asia shock comes at the wrong time

There is, however, a potential offset. The Kochi-Mangalore-Bangalore gas pipeline, expected to connect to the national gas grid by June, could lift volumes in the southern region. That would help improve utilization at the Kochi terminal, which has been running well below capacity, averaging 26% in 9MFY26 and 23% in FY25.