Equinor signs 15-year LNG deal with India's Deepak Fertilisers (updated)

Deepak Fertilisers and Petrochemicals

19/02/2024 12:20

(Adds detail in paragraps 2 and 4, quote in paragraph 3)
       COPENHAGEN, Feb 19 (Reuters) - 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. 
  
        
  

 (Reporting by Stine Jacobsen, editing by Louise Rasmussen)
 ((stine.jacobsen@thomsonreuters.com; +45 21 56 90 10;))