Oil India Ltd. and NEEPCO ink 15-year Gas Supply Agreement for Assam Power Plant
Oil India Limited (OIL) and NEEPCO signed a 15-year agreement for continued natural gas supply to NEEPCO's Assam Gas Based Power Station, ensuring regional energy security.
The agreement is a continuation of an existing supply arrangement but for an extended 15-year term, providing long-term revenue visibility and strengthening OIL's position as a key energy provider in the Northeast, thus having a medium-term positive impact on business stability and regional energy security.
The signing of a 15-year long-term gas supply agreement secures a significant revenue stream for Oil India Limited and reaffirms its strong reserve base and capability for sustained gas supply, contributing to regional energy security.
* Oil India Limited (OIL) has signed a 15-year firm Gas Sale and Purchase Agreement (GSPA) with North Eastern Electric Power Corporation Limited (NEEPCO). * The agreement ensures continued supply of 1.4 MMSCMD of Natural Gas to NEEPCO’s Assam Gas Based Power Station (AGBPS) located at Bokuloni, Dibrugarh. * This new 15-year agreement succeeds a previous 10-year arrangement between the two entities. * The agreement was executed on October 13, 2025, by Sh Ranjan Goswami from OIL and Sh Bijit Kumar Goswami from NEEPCO. * AGBPS is Assam's largest gas-based power plant, crucial for meeting regional power demand. * The extended agreement highlights OIL's strong reserve base and commitment to sustained gas supply from domestic sources, reinforcing regional energy security and supporting affordable, clean energy. * OIL, as a key energy company in the region, aims to expand its upstream portfolio and contribute to India's transition towards a gas-based economy.
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Oil India Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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