Home » IOC in need of land for DPCL to set up LNG terminal

IOC in need of land for DPCL to set up LNG terminal

IOC in need of land for DPCL to set up LNG terminal
Shares

For setting up of a Liquefied Natural Gas (LNG) terminal within the Dhamra Port premises Indian Oil Corporation (IOC) has sought early allotment of 125 acres of land from the Odisha government. In March this year, IOC had entered into a pact with DPCL for developing a liquefied natural gas terminal inside the port area at an investment of Rs 10,000 crore.

The terminal will have a total capacity of 15 million tonne per annum of which five million tonne will be commissioned in the first phase. Out of this first phase capacity, 60 per cent gas will be consumed by IOC’s Paradeep refinery and proposed petrochemicals complex while the balance can be supplied within the state.

The oil marketing major is keen to enter into an MoU (memorandum of understanding) and subsequently form a joint venture with Odisha Industrial Infrastructure Development Corporation (Idco) for joint development of gas infrastructure and promotion of city gas distribution.

Leave a Reply