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Petronet LNG signs regasification agreement with Performance Chemiserve
Jul-10-2025

Petronet LNG has signed a Regasification Agreement with Performance Chemiserve, a wholly owned subsidiary of Deepak Mining Solutions, which is a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation (DFPCL), on July 10, 2025.

Under the terms of the agreement, the company will receive, store and regasify around 25.6 TBTUs of LNG annually, post an initial ramp-up period in calendar year 2026, at its Dahej terminal. This agreement will generate revenue of about Rs 1200 crore for the company with an upside potential to generate an additional revenue of upto 20%, over the contract duration. The regasified gas will be primarily utilised in manufacturing units of DFPCL group at Taloja.

This agreement further expands the long-term business horizons of the company, an energy & infrastructure company. The company 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.

Petronet LNG is one of the leading players in oil and natural gas industry space. The company's promoters are GAIL (India), Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL).


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