Performance Chemiserve Ltd (PCL), a subsidiary of Deepak Mining Solutions Ltd and part of Deepak Fertilisers, has signed a 5.5-year LNG regasification agreement with Petronet LNG Ltd.
The contract will commence between May and July 2026 and continue until December 31, 2031. During this period, following an initial ramp-up phase in 2026, PLL will receive, store, and regasify approximately 25.6 TBTUs of LNG annually at its flagship Dahej terminal.
Significant Revenue Potential for Petronet LNG
The agreement is expected to earn PLL around ₹1,200 crore over the contract period, with up to 20% more depending on volumes or market trends. The Dahej terminal, among the world’s busiest, handled nearly 18 MMTPA of LNG in FY 2024–25.
Boosting Energy Security and Industrial Growth
The regasified natural gas will be primarily used at DFPCL Group’s manufacturing facilities in Taloja, Maharashtra. The long-term arrangement ensures steady, cost-effective natural gas supply, vital for DFPCL’s ammonia production.
Strengthening the Value Chain from Gas to Specialty Solutions
The agreement follows an earlier LNG deal between DFPCL and Norway-based Equinor. Together, these partnerships strengthen DFPCL’s end-to-end value chain—from gas sourcing to specialty chemicals and fertilisers. This integrated strategy aims to boost efficiency, energy security, and supply resilience.
Leaders Speak
Sailesh C. Mehta, Chairman of PCL and CMD of DFPCL, said, “This partnership is a key step toward building a reliable supply chain from natural gas to value-added products. It boosts efficiency, supports our move into specialty chemicals, and strengthens our role in India’s industrial and agricultural growth.”
R. K. Singh, MD and CEO of Petronet LNG, said, “We’re glad to welcome DFPCL as a strategic partner. This collaboration boosts use of our regasification capacity and supports India’s push to increase natural gas in its energy mix.”
Conclusion
The press release stated that the DFPCL-PLL alliance demonstrated how strategic partnerships can advance both operational efficiency and national development.
