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The Odisha Industrial Infrastructure Development Corporation announced the signing of the MoU in a social media post on Tuesday.
Peteont also confirmed the signing of the MoU in a social media post later on Tuesday.
The MoU is for the development of a “state-of-the-art 5 mmtpa land-based LNG terminal at Gopalpur in Ganjam District of Odisha.”
Petronet did not provide further details.
The LNG importer previously planned to install a floating storage and regasification unit (FSRU) in Gopalpur, Odisha.
In 2023, the firm executed binding deals with Gopalpur Ports for its first LNG terminal on India’s east coast.
Petronet and Gopalpur Ports signed sub-concession agreement, sub-lease deed, and port service agreement for the first phase of the 4 mtpa FSRU-based terminal, with provision for converting to a 5 mtpa land-based terminal at the port, the firm previously said.
Petronet currently operates the 17.5 mtpa Dahej LNG terminal and the 5 mtpa Kochi LNG terminal.
In addition, the company expects to launch an additional 5 mtpa capacity at its Dahej LNG terminal in western Gujarat state by June this year.
Last year, Petronet launched two new Dahej LNG storage tanks, T-107 and T-108, each with a capacity of 180,000 cbm.
These two tanks add to six existing storage tanks at the Dahej terminal with a total capacity of 932,000 cbm, while Petonet is also building a third jetty at the facility.