Petronet LNG and ONGC Sign Deal for Gas Supply at Dahej Terminal

Petronet LNG Limited (PLL) and Oil and Natural Gas Corporation Limited (ONGC) have signed a five-year Master Regasification Agreement to strengthen India’s growing natural gas supply chain.

The deal will allow Petronet LNG ONGC regasification agreement which will permit the receipt, storage, and regasification of liquefied natural gas at the Dahej LNG terminal of PLL in Gujarat and supplies the downstream consumers of ONGC. The contract has a provision of an extension of the term at the mutual consent.

The structure underpins the strategy of ONGC to increase its involvement in the imports and marketing of LNG where regasified LNG can be sold both in the market and as captive consumption. Such a step is in line with the growing gas ecosystem in India, supported by the fast development of the pipeline infrastructure, city gas distribution systems, and increased LNG regasification capacity.

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The Petronet LNG ONGC regasification deal also falls under long-term strategy of ONGC of providing additional gas to its production of its home country through LNG based supply to meet the increasing demand in the power and industry sectors, transport, and the urban gas segment. It was signed on January 27, 2026, on the occasion of India Energy Week 2026 at ATI ONGC, Goa, where Akshay Kumar Singh, Managing Director and CEO of PLL and Arunangshu Sarkar, Director of ONGC signed the agreement.

ONGC is a PLL promoter and is considered to be a related party and its Chairman and Managing Director are nominee directors on the PLL Board. The sale was done on arm-length basis.

GAIL, ONGC, IOCL and BPCL promote Petronet LNG Limited, which is owned and operated by the company as a LNG terminal in Dahej and Kochi with a combined capacity of 22.5 MMTPA, which covers approximately 43 percent of the LNG regasification capacity in India.