Deals27 Jan 2026, 09:13 pm
Petronet LNG Limited Signs Agreements with ONGC and Mahanagar Gas Limited
AI Summary
Petronet LNG Limited (PLL) has signed a five-year Master Regasification Agreement (MRA) with Oil and Natural Gas Corporation (ONGC) Limited for the receipt, storage, and regasification of Liquefied Natural Gas (LNG) at PLL’s Dahej regasification terminal. Additionally, PLL has entered into a one-year Master Agreement with Mahanagar Gas Limited (MGL) for the sale of Regasified LNG. The agreements were signed on January 27, 2026, at India Energy Week 2026 in Goa.
Key Highlights
- Petronet LNG Limited (PLL) and Oil and Natural Gas Corporation (ONGC) Limited have signed a five-year Master Regasification Agreement (MRA) for the receipt, storage, and regasification of LNG at PLL’s Dahej regasification terminal.
- PLL and Mahanagar Gas Limited (MGL) have entered into a one-year Master Agreement for the sale of Regasified LNG.
- The agreements offer operational and supply flexibility to MGL for augmentation and optimisation of its gas supply portfolio based on international spot prices.
- PLL is augmenting Dahej terminal capacity from 17.5 MMTPA to 22.5 MMTPA, which is likely to be commissioned shortly.
- PLL is also setting up a land based greenfield LNG regasification terminal of 5 MMTPA capacity on East Coast of India at Gopalpur, Odisha.