Deepak Fertilisers and Petrochemicals Corporation’s (DFPCL) group company, Performance Chemiserve, has signed a 5.5-year Liquefied Natural Gas regasification agreement with Petronet LNG (PLL). DFPCL Group will be importing the LNG. DFPCL has already signed an LNG sale and purchase agreement with Equinor, a global energy company based in Norway.
This regasification agreement was executed through PCL’s wholly owned subsidiary, Deepak Mining Solutions (DMSL), and will be in effect from July 2026 to December 2031.
Under the agreement, Petronet LNG will receive, store, and regasify 25.6 TBtu of LNG annually, following an initial ramp-up period beginning in 2026, at its Dahej terminal. This agreement is expected to generate approximately ₹1,200 crore in revenue for PLL, with potential additional revenue of up to 20% over the duration of the contract.
DFPCL produces fertilisers and industrial chemicals using natural gas. The regasified gas will primarily be utilised in the manufacturing facilities of the DFPCL group in Taloja.
Sailesh C Mehta, chairman and managing director of DFPCL, stated that this agreement will create a robust, reliable, and efficient supply chain—from natural gas to value-added downstream products—improving operational efficiency and enhancing competitiveness. It will also ensure consistent access to cost-effective natural gas, particularly for their ammonia and related product lines.
A K Singh, managing director and CEO of PLL, noted that such collaborations not only increase the utilisation of their expanded regasification capacity but also contribute to the country’s energy security and industrial growth.
In FY25, PLL handled approximately 18 MMTPA of LNG through its two terminals in Dahej and Kochi, which have a combined regasification capacity of 22.5 MMTPA. This capacity is being further enhanced with the expansion of the Dahej terminal and the development of a greenfield terminal in Gopalpur, Odisha.
