Archive · 3 Dec 2025
ONGC, Petronet LNG sign 15-year ethane pact
ONGC and Petronet LNG Ltd have signed a 15-year agreement to handle ethane.
ONGC will reserve space at PLL’s new ethane storage and handling facilities in Dahej, Gujarat.
PLL will receive, store, and handle ethane imported by ONGC.
The agreement will start between October and December 2028 and is expected to generate around ₹5,000 crore in revenue for PLL.
ONGC plans to import ethane using very large ethane carriers to meet the needs of its subsidiary, OPaL.
Both companies' shares ended lower on the day the agreement was announced.
ONGC and Petronet LNG Ltd signed a 15-year term sheet for ethane handling services.
The agreement will commence between October–December 2028 and run for 15 years.
ONGC will reserve 600 KTPA capacity at PLL’s ethane handling facilities in Dahej, Gujarat.
PLL will receive, store, and handle ethane imported by ONGC, with commercial operations starting in FY2028–29.
The agreement is expected to generate approximately ₹5,000 crore in gross revenue for PLL.
- Who
- ONGC and Petronet LNG Ltd (PLL)
- What
- Signed a 15-year binding term sheet for ethane unloading, storage, and handling services
- When
- Wednesday, December 3, 2024 (agreement to commence between October–December 2028)
- Where
- Dahej, Gujarat
- Why
- To secure ethane import capacity for ONGC Petro Additions Ltd (OPaL) and expand PLL’s ethane handling facilities
- Companies Involved
- ONGC, Petronet LNG Ltd (PLL)
- Contract Duration
- 15 years
- Commencement Period
- October–December 2028
- Ethane Capacity
- 600 KTPA
- Location
- Dahej, Gujarat
- Expected Revenue
- ₹5,000 crore
- Storage Tank Size
- 170,000 cubic metres
- Stock Performance (ONGC)
- Down 1.45% at ₹240.01
- Stock Performance (PLL)
- Down 0.96% at ₹268.50