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Adani Ports signs deal with IOC to offer LNG regasification services

The terminal will be capable of reloading LNG to service proximate markets via the maritime route

Adani Ports

Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) has signed a long-term agreement with Indian Oil Corporation (IOC) to provide liquefied natural gas (LNG) regasification services at its upcoming LNG import terminal at Dhamra in Odisha. According to the contract, IOC has booked 3 million tonne per annum (mtpa) regasification capacity spread over 20 years and IOC plans to supply this gas to its refineries in Paradip in Odisha and Haldia in West Bengal, the company said.  The long-term contract is on use or pay basis. “We are pleased to partner ...