Petronet plans floating regas terminal in east India
India’s biggest LNG importer Petronet LNG is looking to set up a floating LNG receiving and regasification terminal at Gopalpur port in the eastern Indian state of Odisha, the company said in its 2020-21 annual report.
“The LNG terminal will help meet the increasing gas demand of the eastern and central part of the country,” it said. Petronet has completed the pre-project studies and is in the process of preparing the detailed feasibility report for the 4mn metric tons/year floating storage and regasification unit-based terminal.
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The company has signed a memorandum of understanding with Gopalpur Ports and is in discussion to finalise the key technical and commercial terms of the agreements. Petronet is in the process of taking the final investment decision for the project, it added. The company is planning a pre-feasibility report for a 5mn mt/yr land-based terminal in the future.
Petronet at present operates two land-based terminals, one at Dahej in west India and another at Kochi in south India. The Dahej terminal has a capacity of 17.5mn mt/yr while Kochi has a capacity of 5mn mt/yr.
The company said it is in the process of adding two additional LNG storage tanks, the seventh and the eighth, at the Dahej terminal. Petronet is also evaluating the expansion of Dahej terminal capacity to 22.5mn mt/yr.