ExxonMobil has secured a 500,000‑ton liquefied natural gas (LNG) supply contract with Petronet LNG for 2026, as part of a broader 1.2‑million‑ton‑per‑year agreement that will be sourced from the company’s Gorgon project in Australia.
The deal gives Petronet a long‑term, stable supply of LNG, supporting the expansion of its Dahej and Kochi terminals as India’s LNG imports are projected to more than double by 2030. For ExxonMobil, the contract provides a predictable revenue stream in a fast‑growing Asian market and diversifies the company’s upstream‑heavy portfolio that is heavily weighted toward the Permian Basin and Guyana.
ExxonMobil’s strategy to expand LNG exports aligns with its broader low‑carbon transformation plan. The company is investing in carbon capture, hydrogen, and biofuels, positioning LNG as a cleaner bridge fuel. The Gorgon‑derived supply underscores ExxonMobil’s commitment to delivering low‑emission gas while maintaining high‑margin growth.
The 500,000‑ton commitment for 2026 is a subset of the larger 1.2‑million‑ton‑per‑year agreement, indicating a phased delivery schedule that will begin in 2026 and likely extend through the 2030s. While the financial terms of the contract were not disclosed, the volume represents a significant portion of Gorgon’s output, reinforcing ExxonMobil’s role as a key LNG exporter.
Analysts view the deal as a strategic win that strengthens ExxonMobil’s presence in Asia and supports its goal of nearly doubling LNG capacity by 2030. The agreement also signals confidence in India’s continued shift toward natural gas as a cleaner alternative to coal, aligning with global decarbonization trends.
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