Petronet LNG Limited executes regasification agreement with Performance Chemiserve Limited
Petronet LNG entered into a 5.5-year agreement for the regasification of liquefied natural Gas (LNG) to be imported by DFPCL group.
PLL to regasify 25.6 TBTUs LNG annually for DFPCL group, generating Rs 1200 crore revenue
A joint venture of four PSUs, Petronet LNG has entered into 5.5 years of agreement for the regasification of Liquified Natural Gas (LNG) to be imported by DFPCL group.
The agreement partner company is Performance Chemiserve Limited (PCL), a wholly owned subsidiary of Deepak Mining Solutions Limited (DMSL) which is a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL)
The contract will be commencing between May 2026 – July 2026 and will end on 31st December 2031.
The agreement pertains that PLL will receive, store and re-gasify around 25.6 TBTUs of LNG annually, post an initial ramp-up period in calendar year 2026, at its Dahej terminal.
The agreement will generate an expected revenue of about Rs. 1200 crore for PLL with an upside potential to generate an additional revenue of upto 20%, over the contract duration. Primarily, the re-gasified gas will be utilised in manufacturing units of DFPCL group at Taloja.
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This chain of long-term business expansion is purported to enhance the energy infrastructure company. PLL handled around 18 MMTPA LNG in FY 2024-25 through its two terminals with Dahej being the flagship and one of the busiest regas terminals in the world.
An LNG Sale and Purchase Agreement was signed by DFPCL earlier with Equinor, a global energy major headquartered in Norway. Now, the regasification agreement has been signed between PLL and PCL, a leading producer of fertilizers and industrial chemicals using natural gas and a DFPCL group company.
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