Petronet LNG to set up floating LNG terminal at Gopalpur

19 Dec 2022 CW Team

"We are pleased to announce that @PetronetLNGLtd is moving forward with establishing its presence on the east coast of India by signing a term sheet with Gopalpur Ports Limited on December 14, 2022 for the establishment and operation of LNG facility at Gopalpur port in Odisha," it stated.

The company's board had approved the expenditure last month for constructing the floating storage and regasification unit (FSRU)-based LNG terminal in Gopalpur.

LNG is natural gas that has undergone supercooling, becoming a liquid with 1/600th the volume of a gas. This facilitates simple ship transit. It is converted back into gas at the receiving facility before being delivered to manufacturers to make fertiliser, produce electricity at power plants, or be converted into compressed natural gas (CNG) for use in automobiles.

A combination of loan and equity would be used to fund Petronet's project in the Ganjam district of Odisha, which is anticipated to be operational by the end of 2025.

The Adani Group is constructing a facility at Dhamra port in collaboration with TotalEnergie of France, and Indian Oil Corporation (IOC) operates a 5 million tonnes per year facility at Ennore in Tamil Nadu. Gopalpur will be the third LNG terminal on the east coast.

The FSRU-based reception and regasification plan, according to Petronet management, has the option to be changed in the future to a land-based terminal, with an anticipated capacity of 5 million tonnes per year.

In order to address the rising gas demand in the country's eastern and central regions, the company intends to charter hire an FSRU for the Gopalpur terminal.

It now runs a 5 million tonnes plant in Kochi, Kerala, and a 17.5 million tonnes per year terminal at Dahej, Gujarat. The Dahej terminal is being upgraded to have a 22.5 million tonne capacity. Both are terminals located on land.

Petronet is building a new jetty that can also handle propane and ethane cargoes, as well as more LING storage tanks and bays for loading trucks, to add 5 million tonnes of additional capacity to Dahej, already the largest LNG import facility in the world.

Petronet is owned by the state-owned companies IOC, Oil and Natural Gas Corporation (ONGC), GAIL (India) Ltd., and Bharat Petroleum Corporation Ltd. (BPCL), which each control 12.5% of the company.

The largest liquefied natural gas importer in India, Petronet LNG Ltd, would invest Rs 2,306 crore to build a floating LNG receiving facility at Gopalpur port in Odisha. According to a tweet from the company, it has inked a contract with Gopalpur Ports Ltd. for the facility, which would have an annual capacity of around 4 million tonnes. We are pleased to announce that @PetronetLNGLtd is moving forward with establishing its presence on the east coast of India by signing a term sheet with Gopalpur Ports Limited on December 14, 2022 for the establishment and operation of LNG facility at Gopalpur port in Odisha, it stated. The company's board had approved the expenditure last month for constructing the floating storage and regasification unit (FSRU)-based LNG terminal in Gopalpur. LNG is natural gas that has undergone supercooling, becoming a liquid with 1/600th the volume of a gas. This facilitates simple ship transit. It is converted back into gas at the receiving facility before being delivered to manufacturers to make fertiliser, produce electricity at power plants, or be converted into compressed natural gas (CNG) for use in automobiles. A combination of loan and equity would be used to fund Petronet's project in the Ganjam district of Odisha, which is anticipated to be operational by the end of 2025. The Adani Group is constructing a facility at Dhamra port in collaboration with TotalEnergie of France, and Indian Oil Corporation (IOC) operates a 5 million tonnes per year facility at Ennore in Tamil Nadu. Gopalpur will be the third LNG terminal on the east coast. The FSRU-based reception and regasification plan, according to Petronet management, has the option to be changed in the future to a land-based terminal, with an anticipated capacity of 5 million tonnes per year. In order to address the rising gas demand in the country's eastern and central regions, the company intends to charter hire an FSRU for the Gopalpur terminal. It now runs a 5 million tonnes plant in Kochi, Kerala, and a 17.5 million tonnes per year terminal at Dahej, Gujarat. The Dahej terminal is being upgraded to have a 22.5 million tonne capacity. Both are terminals located on land. Petronet is building a new jetty that can also handle propane and ethane cargoes, as well as more LING storage tanks and bays for loading trucks, to add 5 million tonnes of additional capacity to Dahej, already the largest LNG import facility in the world. Petronet is owned by the state-owned companies IOC, Oil and Natural Gas Corporation (ONGC), GAIL (India) Ltd., and Bharat Petroleum Corporation Ltd. (BPCL), which each control 12.5% of the company.

Infrastructure Urban

23 Oct 2025

Indian Army and JCBL to Set Up Vehicle Repair Hub in Leh

The Fire & Fury Corps of the Indian Army has signed a Memorandum of Understanding (MoU) with Airbornics Defence & Space (ADSL), a company under the JCBL Group, to establish a New Generation Vehicle (NGV) Repair Hub and Warehouse within the 14 Corps Zonal Workshop in Leh.This initiative marks a significant step toward enhancing the Army’s logistics and operational readiness by creating a dedicated OEM-backed maintenance and repair ecosystem for next-generation vehicles deployed in the high-altitude region.The MoU signing ceremony took place at Headquarters 14 Corps, Leh, in the presence of Lt..

Equipment

23 Oct 2025

SANY India Strengthens Rajasthan Presence with New 4S Dealership in Jaipur

SANY India, a leading manufacturer of construction, mining, road, logistics, and energy equipment, has inaugurated a new 4S dealership (Sales, Service, Spares, Stocking) in Jaipur in partnership with Shree Balajee Infra. This expansion reinforces SANY India’s commitment to delivering world-class products and enhanced after-sales support to customers across Rajasthan.The dealership will serve key regions including Kanakpura, Jaipur, Kekri, Kota, Bayana, Nagor, Alwar, Ajmer, Udaipur, Kelwa, Jalore, Bhilwara, and Chitamba, providing convenient access to SANY’s extensive product range and effi..

Infrastructure Urban

23 Oct 2025

Rose Merc and WhatsLoan Partner to Advance Digital Lending in India

Rose Merc, a leading investment and marketing firm, and WTSLN Fintech Private Limited (WhatsLoan), a pioneering technology service provider in digital lending, have signed a Memorandum of Understanding (MoU) to collaborate on innovative digital lending solutions across India.The partnership focuses on enhancing access to loans and financial services for farmers, consumers, and MSMEs, particularly in the Priority Sector Lending (PSL) segment, which often faces high service costs and longer turnaround times. By leveraging Rose Merc’s extensive market network and insights, the collaboration wil..