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Think Gas announced the signing of the agreement with Shell Energy India in a social media post on Tuesday.
Under this partnership, Shell will supply natural gas to Think Gas through its portfolio at the Hazira LNG terminal, Think Gas said, without providing further details regarding the deal.
The firm said that this agreement strengthens its mission to deliver “reliable, affordable, and cleaner energy” across its portfolio.
AG&P Pratham and Think Gas merged into one entity earlier this year.
Its marquee investors include I-Squared Capital, and the Japanese consortium of Osaka Gas, JOIN, Sumitomo Corporation, and Konoike Transport.
According to the Think Gas website, it holds 19 city gas distribution (CGD) licenses, supplying piped natural gas to households, commercial businesses, and industries, as well as CNG and LNG for vehicle use.
As India advances toward a gas-based economy, this collaboration aligns with the national objective of increasing natural gas’ share in the energy mix, Think Gas said.
Abhilesh Gupta, CEO of ThinkGas, said this long-term agreement will “help build upon our strategy to diversify our gas portfolio in a complex global environment, while offering reliable, flexible, affordable and sustainable solutions to our downstream customers.”
He also noted that this agreement will cater to a “portion of the projected energy requirement in the upcoming years, and that Think Gas is evaluating other similar partnerships to satisfy the growing needs of its customers.”
Shell Energy India owns and operates the 5 mtpa LNG import terminal at Hazira, Gujarat.
The terminal has been in operation since 2005.
In 2021, Shell’s India unit also launched a truck loading unit at its Hazira LNG import terminal, the firm’s first move into small-scale infrastructure.
Two years after that, India’s largest gas utility GAIL and Shell joined forces to collaborate in various fields, including LNG for road transport and regasification.
Earlier this year, Shell Energy India also signed a five-year deal to supply regasified LNG to India’s IRM Energy.