Deepak Fertilisers Secures 25 TBTUs LNG Regasification Contract with Petronet LNG
Deepak Fertilisers & Petrochemicals Corporation Ltd and its step-down subsidiary, Performance Chemiserve Limited, have entered into a long-term agreement with Petronet LNG Limited for the regasification of Liquefied Natural Gas (LNG). This agreement will help the company ensure logistical and commercial arrangements required to receive imported LNG to its manufacturing facilities via the existing national gas grid in Taloja, Mumbai. The contract, for a period of five years, will allow the regasification of approximately 25 TBTUs of LNG annually, post an initial ramp-up period, primarily at Petronet's Dahej terminal. The regasified gas will be supplied to the company and PCL’s manufacturing facilities units at Taloja for internal consumption.
Key Highlights
- Deepak Fertilisers and Performance Chemiserve Limited enter long-term agreement with Petronet LNG Limited for LNG regasification
- Agreement to ensure logistical and commercial arrangements for imported LNG to manufacturing facilities via national gas grid in Taloja, Mumbai
- Contract for five years, allowing regasification of approximately 25 TBTUs of LNG annually post initial ramp-up period
- Regasified gas to be supplied to company and PCL’s manufacturing facilities units at Taloja for internal consumption
- Company positioned to advantageously deliver a Value-Chain right from Gas to Ammonia to Building Block Nitric Acid and downstream final products