10-07-2025
Petronet LNG signs ₹1,200 crore regasification pact with PCL for 5.5 years
New Delhi:
Petronet LNG Ltd
(PLL) has signed a long-term
regasification agreement
with Performance Chemiserve Ltd (
PCL
), a
Deepak Fertilisers
and Petrochemicals Corporation Ltd (
DFPCL
) group company, for approximately ₹1,200 crore over a 5.5-year period.
The agreement, signed on July 10, 2025, provides for PLL to receive, store, and regasify around 25.6 trillion British thermal units (TBTUs) of imported
liquefied natural gas
(LNG) per year at its
Dahej terminal
in Gujarat. The regasification is scheduled to commence between May and July 2026 after an initial ramp-up period and will continue until December 31, 2031.
The deal is expected to generate additional revenue of up to 20 per cent beyond the base amount over the agreement period.
According to PLL, the gas will be utilised by DFPCL group's manufacturing units at Taloja. PCL is a wholly owned subsidiary of Deepak Mining Solutions Ltd (DMSL), which in turn is a wholly owned subsidiary of DFPCL. The DFPCL group manufactures fertilizers and industrial chemicals using natural gas as feedstock.
"This agreement marks a major milestone in our long-term vision to create a strong, reliable, and efficient supply chain—from natural gas to value-added downstream products," said Sailesh C. Mehta, Chairman and Managing Director, DFPCL.
Petronet LNG
is currently operating two LNG terminals at Dahej and Kochi with a combined regasification capacity of 22.5 million tonnes per annum. It handled around 18 MMTPA LNG during FY2024-25, accounting for about 66 per cent of India's LNG imports and 43 per cent of the country's regasification capacity.
Welcoming DFPCL to its list of partners, PLL MD & CEO A. K. Singh said, 'Such collaborations not only augment utilisation of our expanded regasification capacity but also contribute meaningfully to the nation's energy security and industrial growth.'
The agreement follows DFPCL's earlier LNG supply pact with Norway's Equinor for
long-term gas sourcing
.
