Home ECONOMY Indian Oil and GAIL sign MoU with Odisha’s DLTPL

Indian Oil and GAIL sign MoU with Odisha’s DLTPL

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Odisha Sun Times Bureau
Bhubaneswar, May 14:

Indian Oil and GAIL (India) Ltd, the two Maharatna public sector companies of India have signed MoU with Dhamra LNG Terminal Private Limited (DLTPL) in Odisha, a company owned by Adani Enterprises Limited, said an official release of GAIL issued today.

pic: odishabulletin.com
pic: odishabulletin.com

As per the terms of MoU, Indian Oil and GAIL would reserve re-gasification capacity in the terminal to supply re-gasified LNG in the emerging gas markets in the eastern part of the country.

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

DLTPL’s project shall be an onshore LNG re-gasification terminal having initial capacity of 5.0 MTPA, at Dhamra Port in Bhadrak district of Odisha. Dhamra is an all-weather deep water port.