Deals26 Mar 2025, 09:48 pm
IRM Energy Secures 5-Year RLNG Supply Contract with Shell, Boosting Energy Security and Sustainability
AI Summary
IRM Energy Limited has executed a long-term Regasified Liquefied Natural Gas (RLNG) purchase agreement with Shell Energy India Private Limited for a period of five years. The agreement will see IRM Energy purchasing a total of 1,23,21,200 MMBtu of RLNG, equivalent to approximately 326.84 mmscm @ 9500 k/cal Gross Calorific Value (GCV) during the agreement period. This agreement will enable IRM Energy to secure a stable and affordable gas supply for its Industrial and Commercial customers, thereby strengthening its commitment to ensuring reliability and efficiency in gas business. The agreement is expected to enhance the company's sourcing portfolio strategically and create long-term value for stakeholders.
Key Highlights
- IRM Energy secures a 5-year RLNG supply contract with Shell Energy India Private Limited.
- The agreement will see IRM Energy purchasing 1,23,21,200 MMBtu of RLNG, equivalent to approximately 326.84 mmscm @ 9500 k/cal GCV.
- This agreement will ensure a stable and affordable gas supply for IRM Energy's Industrial and Commercial customers.
- The deal is expected to strengthen IRM Energy's commitment to reliability and efficiency in gas business.
- The agreement will enhance IRM Energy's sourcing portfolio strategically and create long-term value for stakeholders.