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.
