Norway’s Equinor EQNR.OL said on Monday it had signed a 15-year agreement to supply liquefied natural gas (LNG) to Indian fertiliser and petrochemical company Deepak Fertilisers DPFE.NS from 2026.
The agreement covers an annual supply of around 0.65 million tons (around 9 terawatt hours) and will be used mainly as a feedstock for production of ammonia at Deepak’s newly commissioned fertilisers and petrochemicals plant, Equinor said.
“Deepak’s new ammonia plant has created new gas demand in the growing Indian market,” said Equinor’s head of Gas & Power, Helge Haugane in a statement.
The LNG will come from Equinor’s global portfolio which is based on its plant at Melkoeya island just outside the Arctic town of Hammerfest, and supply sourced mainly from the United States, it said.