Equinor and Deepak Fertilisers, an Indian fertiliser and petrochemical company, have inked a significant 15-year agreement for LNG supplies, set to commence in 2026.
Equinor’s expanding global LNG portfolio, primarily sourced from the Equinor-operated LNG Plant in Hammerfest, Norway, alongside LNG procurement mainly from the US, will serve as the foundation for this supply arrangement.
Photo by Kjersti Nordøy @ Equinor
Deepak Fertilisers will utilise the LNG primarily as feedstock for its newly operational ammonia production plant, crucial for fertiliser and petrochemical manufacturing. The agreement entails an annual supply of approximately 0.65 million tonnes (around 9 TWh) of LNG over 15 years, starting in 2026.
Helge Haugane, Equinor’s senior vice president for Gas & Power, expressed satisfaction with the partnership, stating, “The agreement is another proof of how we use our position in the Atlantic basin to strengthen our relationship with key players in the growing Indian market.”
Sailesh C. Mehta, chairman and managing director of Deepak Fertilisers, echoed the sentiment, highlighting the agreement’s benefits in providing reliable feedstock supplies, enhancing value-chain resilience, and exploring avenues for future collaboration on feedstock and carbon footprint reduction initiatives.
For more information visit www.equinor.com
