Petronet LNG Share Price Surge 4.52% After Securing 15-Year Ethane Facilities Deal With ONGC

Thursday, December 04, 2025: Petronet LNG Limited (NSE: PETRONET | BSE: 532522) shares rose 4.52% after the company announced a significant 15-year binding term sheet with ONGC. The agreement covers ethane unloading, storage, and handling (USH) services at Petronet’s facility, marking a long-term strategic partnership that strengthens operational capacity and is expected to enhance revenue visibility over the coming years.

Key Details of the Deal

The company made a regulatory filing on December 03, 2025, announcing its new deal with ONGC. As per the regulatory filing, PLL will develop ethane facilities at Dahej, Gujarat. This will include a large capacity ethane storage tank (approx. 170,000 cubic metres) and a new “third jetty” capable. The facility will handle LNG, ethane and propane. The company will be reserving roughly 600 KTPA (kilotons per annum) of its capacity at these ethane facilities for ONGC.

Under the agreement, PLL will receive, store, and handle ethane sourced or imported by ONGC and its subsidiaries and deliver it to ONGC as per their requirements. Operations are scheduled to begin between October and December 2028.

The deal is expected to generate a gross revenue of about ₹5,000 crore over the total 15-year contract period. This marks a major milestone for the company. As the deal has given Petronet LNG a business line and long-term revenue potential, it was well received by the market, triggering positive market sentiment and ending a five-session losing streak. 

Stock Market Snapshot

The share price of Petronet LNG Limited was trading at ₹280.90 as of December 04, 2025, 03:27 pm. This was a 4.52% or ₹12.15 rise from its previous close of ₹268.75. The intraday range was between ₹271.10 and ₹281.00. The company had an active trading session with a total market capitalisation at ₹42,120.00 crore. Further, it had a total traded value and volume of ₹276.20 crore and 99.30 lakh shares, respectively.

Petronet LNG Limited is a leading and one of the fastest-growing companies in the Indian energy sector. The Company has set up the country’s first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. The company was listed on March 26, 2004. It trades on NSE under the ticker PETRONET and on BSE under the ticker 532522.

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