Petronet LNG has executed binding Transaction Documents viz. (a) Sub-Concession Agreement (b) Sub-Lease deed and (c) Port Service Agreement with M/s Gopalpur Ports on December 27, 2023 for setting up of Floating Storage Regasification Unit (FSRU) based LNG terminal with capacity of 4 MMTPA (Phase-1), with provision for converting to 5 MMTPA land-based terminal at Gopalpur Port, District - Ganjam, Odisha.
Petronet LNG is one of the leading players in oil and natural gas industry space. The company's promoters are GAIL (India), Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL).
