Petronet LNG signs 5-year regasification deal with ONGC, 1-year RLNG pact with Mahanagar Gas

India's biggest gas importer, Petronet LNG Ltd, on Tuesday (January 27) said it has signed a five-year Master Regasification Agreement (MRA) with Oil and Natural Gas Corporation Ltd (ONGC) and a one-year Regasified Liquefied Natural Gas (RLNG) supply agreement with

Mahanagar Gas Ltd (MGL) to strengthen its LNG regasification and supply operations in India.

Under the MRA with ONGC, Petronet LNG will provide LNG regasification services at its Dahej terminal, enabling ONGC to supply regasified natural gas to its downstream consumers. The agreement, effective January 27, 2026, includes provisions for extension based on mutual consent.

The transaction is being conducted at arm’s length and aligns with ONGC’s strategy to supplement domestic natural gas production with LNG-based supplies to meet the growing demand across various sectors. The agreement was signed at India Energy Week 2026 in Goa by Akshay Kumar Singh, MD and CEO of Petronet LNG, and Arunangshu Sarkar, Director Strategy & Corporate Affairs, ONGC.

Also Read: ONGC JV signs shipbuilding contracts with Samsung for two Indian-flag ethane carriers

Separately, Petronet LNG signed a one-year Master Agreement with MGL for the procurement of LNG cargoes and sale of regasified LNG (RLNG). Effective January 27, 2026, the agreement provides MGL operational and supply flexibility to optimise its gas portfolio based on international LNG prices.

Shares of Petronet LNG Ltd ended at ₹277.65, down by ₹0.60, or 0.22%, on the BSE.