Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a long-term agreement with Indian Oil Corporation Ltd (IOC) to provide liquefied natural gas (LNG) re-gasification services on a use-or-pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha.
As per the contract, IOC has booked 3 million tonnes per annum (MTPA) re-gasification capacity spread over 20 years. IOC plans to supply the gas to its refineries at Paradip in Odisha and Haldia in West Bengal. In fact, the terminal will play a strategic role in supplying gas to Bangladesh and Myanmar as well, said Karan Adani, CEO, APSEZ.
Foundation stone of the project was laid in July 2017 and L&T has commenced the construction. L&T has won the contract to set up tankages for gas storage. The terminal is expected to be commissioned during the second half of 2021. Read More
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