Equinor and the Indian fertiliser and petrochemical organization Deepak Fertilisers have signed a fifteen-year agreement for resources of liquefied herbal fuel (LNG) with deliveries beginning in 2026.
Equinor’s developing international LNG portfolio is primarily based on LNG from the Equinor operated LNG Plant in Hammerfest, Norway and LNG supply sourced particularly from the United States.
This portfolio can be the base of deliver to Deepak, if you want to use the fuel particularly as feedstock for production of ammonia in its newly commissioned plant for production fertilisers and petrochemicals. The settlement covers an annual supply of round zero.Sixty five million lots (ca nine TWh) of LNG for 15 years beginning from 2026.
Ammonia is a key constructing block for the society, being important for agriculture and food protection. The ammonia which Deepak will produce from the herbal gas might be for domestic use.
Deepak’s new ammonia plant has created new gas demand within the growing Indian marketplace. I am very glad that we’ve got landed this settlement with Deepak Fertilisers. The agreement is every other proof of ways we use our function within the Atlantic basin to bolster our dating with key players inside the developing Indian marketplace. We stay up for growing our relationship with Deepak and to exploring avenues for in addition collaboration on petrochemicals feedstocks together with propane and ethane and on low carbon ammonia within the destiny”, says Equinor’s Senior vice chairman for Gas & Power, Helge Haugane.
“We are very happy to enter into this lengthy-time period settlement with Equinor for deliver of LNG. The settlement will provide dependable substances of feedstock a good way to similarly reinforce Deepak Fertilisers’ value-chain from gasoline to ammonia, the important thing factor in fertilisers. The agreement will help us take in worldwide volatility in addition to enhance usual margins. We additionally look ahead to exploring with Equinor further collaboration on feedstock and carbon footprint reduction initiatives,” said Sailesh C. Mehta, Chairman & Managing Director, DFPCL.
