Petronet LNG has tied-up with Gopalpur Ports for the ₹2,306 crore 4 mtpa facility
Petronet LNG Ltd, India’s largest liquefied natural fuel importer, will installation a floating LNG receipt facility at Gopalpur port in Odisha at ₹2,306 crore.

The agency has signed an settlement with Gopalpur Ports Ltd for the ability so that it will have a capability of approximately four million tonnes in keeping with annum, it stated in a tweet.

“We are thrilled to inform that @PetronetLNGLtd is heading ahead in establishing its presence on the east coast of India via signing a time period sheet with Gopalpur Ports Limited on 14th December 2022 for organising and running LNG terminal at Gopalpur port in Odisha,” it said.

Last month, the agency’s board had accorded funding popularity of putting in the floating storage and regasification unit (FSRU)-based LNG terminal at Gopalpur.

LNG is a natural gasoline that has been supercooled, converting it from a gas right into a liquid that is 1/600th of its authentic volume. This allows in easy transportation thru ships. At the receipt facility, it’s miles turned returned into gas before being supplied to factories to produce fertiliser, generate strength at electricity vegetation, or was CNG for running cars.
Petronet’s undertaking in the Ganjam district in Odisha, which is anticipated to be operational before the end of 2025, could be financed with the aid of a combination of debt and equity.

East coast terminals
Gopalpur will be the 1/3 LNG terminal at the east coast — Indian Oil Corporation (IOC) operates a 5 million tonnes a year facility at Ennore in Tamil Nadu at the same time as Adani Group in partnership with TotalEnergie of France is constructing a facility at Dhamra port.

Petronet control had previously stated that the FSRU-based totally receiving and regasification scheme has the provision to be transformed in the future to a land-based terminal – with an expected capability of five million tonnes per annum.

The firm is planning to constitution hire an FSRU for the Gopalpur terminal with a target to satisfy the increasing fuel call for of the japanese and significant components of the u . S ..

It, presently, operates the 17.Five million tonnes in step with annum terminal at Dahej in Gujarat and a 5 million tonnes facility at Kochi in Kerala. The Dahej terminal is present process expansion to a ability of 22.Five million tonnes.

Both are land-based terminals.

Petronet is adding five million tonnes of more potential at Dahej – already the world’s largest LNG import facility – by using building a brand new jetty so one can additionally capable of deal with propane and ethane shipments, plus more LNG storage tanks and bays for loading vans.

State-owned IOC, Oil and Natural Gas Corporation (ONGC), GAIL (India) Ltd and Bharat Petroleum Corporation Ltd (BPCL) each maintain a 12.Five in line with cent stake in Petronet.