Petronet LNG to Establish 50,000 MT Land-Based Terminal at Odisha’s Port

Petronet LNG Ltd (PLL) is set to establish a 50,000 MT land-based LNG terminal at Gopalpur Port in Odisha’s Ganjam district, marking its first such facility on India’s east coast.

This landmark project is part of the Rs. 988.80 billion investment commitments secured by the state during a two-day Investors’ Meet recently held in New Delhi, highlighting Odisha’s focus on strengthening its energy infrastructure.

Initially conceived as a Floating Storage Regasification Unit (FSRU) with a capacity of 4 MMTPA, the project has now evolved into a larger 5 MMTPA land-based terminal, further boosting the country’s LNG regasification capacity. Petronet’s terminal and ancillary industries are expected to play a crucial role in driving this employment boom.

One of the most significant announcements came from Indian Oil Corporation Ltd (IOCL), whose Dual-Feed Naphtha Cracker Project in Paradip (Jahatsinghpur district) alone will attract over Rs. 580.42 billion in investment and create jobs for 24,000 people.