Overview
- Petronet LNG and ONGC signed a five-year Master Regasification Agreement on January 27 to handle ONGC’s LNG at the Dahej terminal, adding flexibility for spot cargo regasification and domestic marketing.
- ONGC and Reliance agreed to share deepwater resources across the East Coast, including rigs, offshore vessels, processing facilities, and pipelines, to cut costs, reduce duplication, and speed project timelines.
- ONGC Director (Production) Pankaj Kumar said the companies will petition the government to allow approved vessels to operate across Indian sedimentary basins without repeating approvals.
- Petronet said Dahej’s capacity is being augmented from 17.5 to 22.5 million tonnes per annum, with commissioning expected shortly, improving headroom for regasification services.
- ONGC is advancing LNG logistics through joint ventures with MOL and NYK to build two roughly 50,000-cubic-metre carriers, a move it links to anticipated shifts in global LNG supply composition from 2028.