GAIL, Indian Oil Ink MoU With Adani Owned Dhamra LNG Terminal

Indian Oil Corp. and GAIL (India) Ltd. have signed MoU with Dhamra LNG Terminal Private Limited (DLTPL), a company owned by Adani Enterprises Limited.

DLTPL’s project shall be an onshore LNG regasification terminal having initial capacity of 5 mtpa, at Dhamra Port in Bhadrak district in the eastern Indian state of Odisha.

As per the terms of MoU, IndianOil and GAIL would reserve regasification capacity in the terminal to supply regasified LNG in the emerging gas markets in the eastern part of the country, GAIL said in a statement published on its website Wednesday.

Indian Oil and GAIL would also have the option to hold equity in DLTPL at a later date.