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Adani Group is offering 49% of stake in upcoming Dhamra LNG Project to IOC & GAIL

India: Adani Group, an Indian multinational conglomerate company is planning to sell 49% stake of Dhamra LNG to state run oil refiner Indian Oil Corporation (IOC) and gas utility GAIL (India) Limited in INR5,000-crore. In 2015, IOC has already signed to use 60% of terminal total capacity for its refineries at Haldia in West Bengal & Paradip in Odisha. Moreover, GAIL also had signed to utilize 1.5 million tonnes of terminal regasification capacity out of total capacity of 5 million tonnes.

TechSci Research depicts that the upcoming Dhamra Liquefied Natural Gas (LNG) terminal will play an instrumental role in filling the gap between demand and supply of natural gas in Eastern India. Moreover, government is increasing its focus on gas based power projects due to their high efficiency, low gestation period, environmental factors, and requirement of less water and land compared to other fuel based power plants. Various other policies such as recent updates in “Gas Allocation Policy” have also been implemented to encourage use of gas in different end-user segments. Thus, LNG is expected to play a crucial role in bridging the gap between demand and supply of natural gas. 

According to a recently published TechSci Research report India LNG Market Forecast and Opportunities, 2025”, India’s LNG demand is anticipated to reach 306.54 mmscmd by 2025, registering a CAGR of 16.89% during 2015 - 2025. Moreover the report also has evaluated the LNG demand outlook in India and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. 

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