Adani Ports and Special Economic Zone (APSEZ) today said it has entered into a pact with Indian Oil Corporation to provide LNG regasification services at its import terminal in Odisha.
As per the contract, IOC has booked 3 million tonnes per annum (MTPA) regasification capacity spread over 20 years, APSEZ said in a statement.
“APSEZ…has signed a long term agreement with IOC to provide Liquefied Natural Gas (LNG) regasification services on a use or pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha,” the company said.
IOC plans to supply gas to its refineries in Paradip in Odisha and Haldia in West Bengal.
“We are pleased to partner with Indian Oil by signing this long term agreement. India lacks adequate LNG import infrastructure at present and I am confident that this project will play a key enabling role for increasing gas consumption in that part of the country. In fact, the terminal will play a strategic role in gas supply to Bangladesh and Myanmar as well,” said Karan Adani, CEO, APSEZ. Read More