Petronet LNG to Develop its Maiden East Coast LNG Terminal

by Admin
Petronet LNG on maiden LNG Terminal

Petronet LNG Limited (PLL), a key player in India’s energy landscape, has taken a significant step forward by signing binding Transaction Documents with Gopalpur Ports Limited for the establishment of its maiden LNG Terminal on the east coast of India.

On December 27, 2023, PLL formalized crucial agreements, including the Sub-Concession Agreement, Sub-Lease deed, and Port Service Agreement, solidifying its collaboration with Gopalpur Ports Limited.

The primary focus of this partnership is the development of a Floating Storage Regasification Unit (FSRU)-based LNG terminal at Gopalpur Port, District – Ganjam, Odisha. In its initial phase, the terminal is designed with a capacity of approximately 4 Million Metric Tonnes Per Annum (MMTPA), with provisions for future expansion to a 5 MMTPA land-based terminal.

About Petronet LNG Limited

Petronet LNG is a vital player in India’s quest for energy security, positioned as a key contributor to the nation’s strategic efforts in this direction. Established as a Joint Venture by the Government of India, Petronet LNG is tasked with the importation of LNG and the establishment of LNG terminals across the country.

The company’s prominent promoters include GAIL (India) Limited (GAIL), Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), and Bharat Petroleum Corporation Limited (BPCL). This collaboration of industry giants underscores Petronet LNG’s commitment to contributing significantly to India’s energy landscape and ensuring a robust energy future.

The binding agreements with Gopalpur Ports Limited mark a pivotal moment in Petronet LNG’s journey as it expands its footprint on the east coast, furthering its mission to fortify India’s energy security in the years to come.

Source Petronet LNG