The Indian companies Indian Oil Corporation (IOC), GAIL and Adani have started to build the Dhamra LNG regasification terminal, located in the district of Bhadrak in the State of Odisha, in India. The 5 Mt/year (6.75 bcm/year) LNG terminal is expected to cost Rs 6,000 crore (US$900m) will import LNG from the United States and Qatar and will be commissioned by 2020-2021.
Along with the liquefaction facility, a 2,539-km gas transport network worth Rs 13,000 crore (US$1.95bn) has to be built to connect the LNG terminal to 13 districts in Odisha. Dhamra LNG will supply cities and industries but also three Indian refineries, namely Barauni, Haldia and Paradip.
In September 2016, IOC and GAIL signed an MoU with Adani for taking a 49% stake in the project. According to the MoU, Dhamra LNG Terminal Private Limited (DLTPL), the company that handles the project is owned by the Joint Venture of IOC and GAIL on one hand, with 39% and 11% respectively, and Adani Group on the other (50%). IOC and GAIL intend to book 90% of the terminal regasification capacity, respectively of 3 Mt/year and 1.5 Mt/year.
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