ONGC & Petronet LNG sign 15-year ethane deal for Dahej terminal

Petronet LNG Limited (PLL) and Oil and Natural Gas Corporation (ONGC) Limited have signed a 15-year binding term sheet for ethane unloading, storage and handling (USH) services, marking a significant step in India’s move to strengthen its petrochemical and gas infrastructure.

Under the agreement, ONGC will reserve around 600 KTPA of capacity at PLL’s upcoming ethane storage and handling facilities at Dahej, Gujarat.

PLL expects to generate roughly ₹5,000 crore (~$550 million) in gross revenue over the contract period. The services will be enabled through PLL’s under-construction third jetty at Dahej, designed to handle ethane, propane and LNG. Once operational, it will be India’s first such multipurpose jetty available for third-party imports, PLL said in a post on X.

The Ethane USH Services Term Sheet was formalised on December 03, 2025, at ONGC’s corporate office in New Delhi, in the presence of Arun Kumar Singh, chairman and managing director, ONGC, and Akshay Kumar Singh, managing director and CEO, PLL.

ALCHEMPro News Desk (HU)