"Petronet LNG and ONGC sign a five-year deal for regasification services."

State-run Petronet LNG (PLL) and Oil and Natural Gas Corporation (ONGC) have entered into a master regasification agreement (MRA) to provide liquefied natural gas (LNG) regasification services.

Under the agreement, PLL will offer LNG regasification services to ONGC at its Dahej regasification terminal, enabling ONGC to supply regasified natural gas to meet the requirements of its downstream consumers, the company said.

The MRA will remain valid for five years and may be extended further based on mutual agreement between the two companies. The agreement was signed on Tuesday on the sidelines of the India Energy Week (IEW) in Goa.