Petronet LNG and ONGC sign five-year Master Regasification Agreement for LNG services at Dahej terminal

Petronet LNG and Oil and Natural Gas Corporation (ONGC) have entered into a Master Regasification Agreement (MRA) under which PLL shall provide LNG regasification services to ONGC at Dahej regasification terminal, thereby enabling them to supply regasified natural gas to meet the requirements of its downstream consumers. The MRA shall remain valid for a period of five year, with a provision for further extension based on mutual agreement between PLL and ONGC.

ONGC has evinced interest in entering into Gas marketing by importing LNG and selling RLNG for market and captive usage as growth of Indian gas market is supported by expansion of gas pipelines, CGD network and LNG regas terminals.

The MRA is aligned with ONGC’s strategic objective of supplementing domestic natural gas production with LNG-based supplies, in order to address the growing demand across various consuming sectors.

The Master Regasification Agreement was signed in the presence of Akshay Kumar Singh, Managing Director & CEO, PLL and Arunangshu Sarkar, Director Strategy & Corporate AWairs, Oil and Natural Gas Corporation at India Energy Week 2026 being held at ATI ONGC, Goa.

ONGC is one of the promoters and is a related party of PLL. CMD of ONGC is one of the Nominee Directors on the Board of PLL, in terms of provisions of Articles of Association of PLL. This transaction is being done on arm’s length.