IRM Energy, which delivers natural gas to industrial, commercial, and residential customers, announced the signing of the deal with Shell Energy India in a statement on Wednesday.
“The total quantity to be purchased under the agreement will be 1,23,21,200 MMBtu equivalent to approximate 326.84 mmscm @ 9500 k/cal gross calorific value (GCV),” it said.
The deal starts from April 1.
IRM Energy said this agreement marks a “significant milestone” in its strategic growth, ensuring “stable and cost-effective” energy supplies for its customers, contributing to India’s energy security and sustainability goals.
According to the firm, the Agreement is set to play a “pivotal” role in ensuring consistent RLNG availability, supporting the industrial and commercial segment.
“By leveraging Shell’s global expertise in LNG, IRM Energy aims to enhance its service capabilities, helping businesses transition towards greener energy alternatives and reducing their carbon footprint,” it said.
IRM Energy, a part of Cadila Pharmaceuticals, did not provide further details regarding the agreement.
Shell Energy India owns and operates the 5 mtpa LNG import terminal at Hazira, Gujarat.
The terminal has been in operation since 2005.
In 2021, Shell’s India unit also launched a truck loading unit at its Hazira LNG import terminal, the firm’s first move into small-scale infrastructure.
Two years after that, India’s largest gas utility GAIL and Shell joined forces to collaborate in various fields, including LNG for road transport and regasification.
