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Indian Oil Corporation inks MoU for re-gasification terminal in Odisha

14 May 2015 Evaluate

Indian Oil Corporation (IOC) and GAIL (India), two Maharatna Public Sector Companies of India have signed a Memorandum of Understanding (MoU) with Dhamra LNG Terminal (DLTPL), for an onshore re-gasification terminal in Odisha. DLTPL, owned by Adani Enterprises (AEL), plans to develop an onshore LNG re-gasification terminal having an initial capacity of 5 million tons per annum (MTPA) at Dhamra port in Bhadrak district of Odisha.

As per the terms of MoU, IOC and GAIL would reserve re-gasification capacity in the terminal to supply re-gasified LNG in the emerging gas markets in the eastern part of the country. IOC and GAIL would also have the option to hold equity in DLTPL at a later date.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.



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