BUZZ-India's Petronet LNG falls to 6-mth low after Citi flags regulatory risk

India's top LNG importer Petronet LNG PLNG.NS falls 6.2% to 362.75 rupees, biggest pct fall since June 2024

PLNG top pct loser in mid-cap 100 index .NIFMDCP100, which is up 0.1%

Citi flags tariff risk for PLNG after Petroleum and Natural Gas Regulatory Board (PNGRB) called to bring regasification - conversion of liquefied natural gas into gas - under regulatory framework

PNGRB has said despite expansion of LNG terminals in India, gas tariffs have not come down, while PLNG has raised tariffs 5% annually

Brokerage says PLNG cannot raise tariffs arbitrarily for LNG import terminals if regasification is regulated, retains "sell" call

With new LNG capacities coming up, there is uncertainty on sustainability of PLNG's strong pricing power - Citi

PLNG rose ~55% in 2024, logging its best annual gains since 2014

(Reporting by Sethuraman NR, Yagnoseni Das in Bengaluru)

((Yagnoseni.Das@thomsonreuters.com;))