Petronet LNG Limited (PLL) and Oil and Natural Gas Corporation (ONGC) Limited execute five year Master Regasification Agreement (MRA) for the receipt, storage, and regasification of Liquefied Natural Gas (LNG) at PLL’s Dahej regasification terminal - Petronetlng
Press Release
Petronet LNG Limited (PLL) and Oil and Natural Gas Corporation (ONGC) Limited execute five year Master Regasification Agreement (MRA) for the receipt, storage, and regasification of Liquefied Natural Gas (LNG) at PLL’s Dahej regasification terminal
28 Jan 2026
Petronet LNG Ltd
New Delhi
Press Release
New Delhi, January 28, 2026: Petronet LNG Limited (PLL) and Oil and Natural Gas Corporation (ONGC) Limited have entered into a Master Regasification Agreement (MRA) under which 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. The MRA shall remain valid for a period of five year, with a provision for further extension based on mutual agreement between PLL and ONGC.
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.
The Master Regasification Agreement was signed on January 27, 2026 in the presence of Shri Akshay Kumar Singh, Managing Director & CEO, PLL and Shri Arunangshu Sarkar, Director Strategy & Corporate Affairs, Oil and Natural Gas Corporation Limited at India Energy Week 2026 being held at ATI ONGC, Goa.
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 provisions of Articles of Association of PLL. This transaction is being done on arm’s length.
About Petronet LNG Limited (PLL)
Petronet LNG Limited is a joint venture promoted by four Oil & Gas Maharatna PSUs—GAIL, ONGC, IOCL, and BPCL—each holding a 12.5% equity stake. Incorporated in 1998, PLL commands 43% of India's LNG regasification capacity and manages around 2/3rd of the nation’s LNG imports. With a turnover of approximately INR 51,000 crore in FY 2024–25, PLL plays a vital role in India’s energy ecosystem, contributing about 33% of the country’s total natural gas supply.
PLL, with its two LNG regasification terminals at Dahej, Gujarat and Kochi, Kerala has a total regasification capacity of 22.5 MMTPA. It is further augmenting Dahej terminal capacity from 17.5 MMTPA to 22.5 MMTPA, which is likely to be commissioned shortly. Further, PLL is also in process of setting up a land based greenfield LNG regasification terminal of 5 MMTPA capacity on East Coast of India at Gopalpur, Odisha.
PLL is also setting up a 750 KTA PDH and 500 KTA PP unit including ethane and propane handling facilities at Dahej, Gujarat.
About Oil and Natural Gas Corporation (ONGC) Limited
Oil and Natural Gas Corporation (ONGC) Limited is a Maharatna public sector enterprise and India’s leading integrated energy company, engaged in a wide range of business activities across the hydrocarbon value chain. ONGC’s operations span from exploration and production of hydrocarbons to refining, petrochemicals, and distribution of petroleum products. ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production.
***