Odisha’s LNG Odyssey: Petronet’s ₹63.5 Billion Vision Unfolds in Gopalpur

Petronet LNG Ltd. is moving ahead with a major east coast project following the board of investment's approval of a world-class 5 million metric tonnes per annum (MMTPA) LNG terminal at Odisha's Gopalpur. The total cost approved for the project is ₹63.54 billion while the cost of implementing the project is ₹40.49 billion.

 

Key Highlights

 

Key Investment Sanctioned: The board sanctioned the project at a total cost of ₹63.54 billion, Petronet's biggest ever capex move.

 

Gopalpur Terminal Details:

Execution Cost: Implementation cost in the first phase is estimated at ₹40.49 billion.

 

East Coast Push: It is the company's inaugural LNG terminal off India's east coast, its first venture outside Dahej and Kochi.

 

Wider Context: The investment forms part of Petronet's ambitious infrastructure growth, alongside Gujarat and others.

 

Financing: Petronet is seeking huge loans to finance this and other similar projects, indicating strong optimism about future demand for LNG.

 

Source: Reuters, Angel One, Offshore Energy, Investor Feed (X)