Petronet LNG and ONGC have signed a five-year Master Regasification Agreement at IEW 2026 to enable LNG regasification at Dahej and strengthen gas supply to downstream consumers.

Petronet LNG (PLL) and Oil and Natural Gas Corporation (ONGC) have announced entering into a Master Regasification Agreement (MRA) under which PLL shall provide LNG regasification services to ONGC at the Dahej regasification terminal, thereby enabling them to supply regasified natural gas to meet the requirements of its downstream consumers.

The MRA shall remain valid for a period of five years, with a provision for further extension based on mutual agreement between PLL and ONGC, the company stated.

ONGC has evinced interest in entering into Gas marketing by importing LNG and selling RLNG for market and captive usage, as the growth of the Indian gas market is supported by the expansion of gas pipelines, CGD network and LNG regas terminals, it said.

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.

The Master Regasification Agreement was signed at the India Energy Week 2026 in Goa in the presence of Akshay Kumar Singh, Managing Director and CEO, PLL and Arunangshu Sarkar, Director Strategy and Corporate Affairs, ONGC.

ONGC is one of the promoters and is a related party of PLL. CMD of ONGC is one of the Nominee Directors on the Board of PLL, in terms of the provisions of the Articles of Association of PLL. This transaction is being done on arm’s length, the company stated.

https://www.energetica-india.net/news/petronet-lng-ongc-sign-five-year-mra-for-lng-regasification