PLL shall provide LNG regasification services to ONGC at Dahej regasification terminal
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AMIT DAVE
State-run Petronet LNG (PLL) and Oil and Natural Gas Corporation (ONGC) have entered into a master regasification agreement (MRA).
Under the agreement, 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, PLL said.
The MRA shall remain valid for five years, with a provision for further extension based on mutual agreement between PLL and ONGC, it added. The MRA was signed on Tuesday at the India Energy Week (IEW) in Goa.
Gas marketing
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.
ONGC is one of the promoters and 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.
PLL-MGL pact
In a separate development, PLL and Mahanagar Gas (MGL) have entered into a master agreement under which PLL shall undertake procurement of LNG cargoes and sell RLNG to MGL.
The agreement shall be effective from January 27, 2026 and shall remain valid for one year, with a provision for further extension based on mutual agreement between PLL and MGL.
The agreement offers operational and supply flexibility to MGL for augmentation and optimisation of its gas supply portfolio based on international spot prices. It was also signed on the sidelines of the IEW in Goa.
The proposed execution of the agreement is aligned with PLL’s objective of optimal utilisation of its regasification infrastructure and the provision of integrated LNG sourcing and regasification services to gas consumers, including city gas distribution entities with adequate storage and flexibility.
MGL is a related party of PLL. It is a promoter group company as GAIL holds a 32.5 per cent equity stake in MGL. This transaction is being done on arm’s length.
Published on January 28, 2026
