Petronet pens pact with Gopalpur Ports for east India import terminal
India’s biggest LNG importer Petronet LNG has signed a term sheet with Gopalpur Ports regarding a floating LNG import terminal in the eastern Indian state of Odisha, the company announced on December 15 via a Twitter post.
“We are pleased to inform that Petronet LNG Ltd is heading forward in establishing its presence on the east coast of India by signing a term sheet with Gopalpur Ports Limited on 14th December 2022 for establishing and operating the LNG terminal at Gopalpur port in Odisha,” it said.
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Petronet had last month approved the plan to set up a floating storage and regasification unit (FSRU)-based LNG import terminal at Gopalpur.
Petronet LNG plans to connect the 4mn metric tons/year terminal to state-owned gas transportation company Gail’s trunk line which is about 36 km away. The company may convert the floating terminal to a land-based terminal later.
The company currently operates two land-based LNG import and regasification terminals on the west coast of India at Dahej in the state of Gujarat and Kochi in the state of Kerala.