Petronet LNG Seals Major Deals with ONGC, Mahanagar Gas for LNG Operations

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CNBC TV18•27-01-2026, 22:59

Petronet LNG Seals Major Deals with ONGC, Mahanagar Gas for LNG Operations

•Petronet LNG signed a five-year Master Regasification Agreement (MRA) with ONGC, effective January 27, 2026.
•Under the MRA, Petronet LNG will provide regasification services at its Dahej terminal for ONGC's downstream supply.
•A separate one-year Regasified Liquefied Natural Gas (RLNG) supply agreement was signed with Mahanagar Gas Ltd (MGL), also effective January 27, 2026.
•The MGL pact allows for procurement of LNG cargoes and sale of RLNG, offering MGL operational and supply flexibility.
•Agreements were signed at India Energy Week 2026 in Goa, strengthening India's LNG regasification and supply.

Why It Matters: Petronet LNG secures key agreements with ONGC and MGL, boosting India's LNG regasification and supply.

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