According to Petronet LNG’s social media update, sub-concession agreement, sub-lease deed, and port service agreement with Gopalpur Ports were signed on December 27, 2023.
Under these agreements, the Indian company seeks to set up a floating storage and regasification unit (FSRU) based LNG terminal with a capacity of approximately 4 million metric tons per annum (mmtpa) in Phase 1, with provision for converting to 5 mmtpa land-based terminal at Gopalpur Port in Odisha.
“Petronet LNG is in the process of setting up its maiden LNG terminal on the east coast of India at Gopalpur, District- Ganjam, Odisha which would bring augmentation in overall regasification capacity in the country thereby contributing towards a gas-based economy,” the company said.
The Indian company has also established and operates Dahej and Kochi LNG terminals.
Dahej LNG terminal currently has a capacity of 17.5 mmtpa and is under expansion to 22.5 mmtpa in two phases. The terminal has six LNG storage tanks and other vaporization facilities and meets around 40% of the total gas demand of the country.
Kochi LNG terminal is Petronet’s second terminal with 5 mmtpa nameplate capacity. It was established to cater to the gas requirement of Southern India.
Earlier this year, Adani Total Private Limited (ATPL), a 50:50 joint venture between Adani and TotalEnergies, commissioned Dhamra LNG terminal, which is India’s seventh LNG import and regasification terminal and the first on the eastern seaboard.
