New Delhi, Jan. 28 -- Petronet LNG Limited (PLL) and Oil and Natural Gas Corporation (ONGC) Limited have entered into a Master Regasification Agreement (MRA) under which PLL shall provide LNG regasification services to ONGC at the Dahej terminal, thereby enabling them to supply regasified natural gas to meet the requirements of its downstream consumers.

The agreement shall remain valid for a period of five years, with a provision for a further extension upon mutual agreement between Petronet LNG and ONGC, according to a statement from Petronet LNG.

ONGC has evinced interest in entering gas marketing by importing LNG and selling regasified LNG for market and captive use, as the growth of the Indian gas market is supported by the expansio...