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ONGC announced the signing of a master LNG sale and purchase agreement (MSPA) with TotalEnergies Gas & Power in a social media post on Wednesday.
The deal was signed on Tuesday during a conference in India.
“By onboarding a potential global LNG supplier with a substantive portfolio, ONGC enhances flexibility and resilience in its LNG procurement strategy,” the company said.
The Indian firm did not provide further details.
ONGC is a shareholder of India’s largest LNG importer, Petronet LNG, while its unit HPCL launched its 5 mtpa Chhara LNG import terminal in Gujarat last year.
On the other hand, TotalEnergies is one of the world’s largest LNG players with a large portfolio.
The company sold 31.6 million tonnes of LNG in January-September last year, a rise of 9 percent compared to 29 million tonnes in the same period in 2024.
In India, Adani and TotalEnergies jointly operate the 5 mtpa Dhamra LNG import facility located in Odisha, on India’s east coast.
India currently imports LNG via eight facilities with a combined capacity of about 52.7 million tonnes per year.
These include Petronet LNG’s Dahej and Kochi terminals, Shell’s Hazira terminal, and the Dabhol LNG, Ennore LNG, Mundra LNG, and Dhamra LNG terminals.