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IOC seeks land from Odisha govt to set up LNG terminal

24 Dec 2012 Evaluate

Indian Oil Corporation (IOC) is looking forward for an early allotment of 125 acres of land to Dhamra Port Company (DPCL) from the Odisha government for establishment of a Liquefied Natural Gas (LNG) terminal within the port premises. Earlier in March 2012, IOC entered into a pact with DPCL for developing a LNG terminal inside the port area at an investment of Rs 10,000 crore.

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

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