Oil India Ltd (OIL) has signed a long-term Gas Sale and Purchase Agreement (GSPA) with North Eastern Electric Power Corp (NEEPCO) to supply natural gas to the Assam Gas Based Power Station (AGBPS) in Dibrugarh district. Under the agreement, OIL will provide 1.4 million metric standard cubic metres per day (MMSCMD) of natural gas to NEEPCO for the next 15 years.
The new 15-year agreement succeeds an earlier 10-year arrangement, reinforcing the longstanding partnership between the two companies. AGBPS, the largest gas-based power plant in Assam, plays a critical role in meeting regional power demand.
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Through this pact, OIL and NEEPCO aim to strengthen energy security in Assam and the northeastern region while advancing the goal of affordable and clean energy. The agreement highlights OIL’s confidence in its domestic gas reserves and its ability to ensure sustained supply for the region.
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