Odisha to be eastern energy gateway

Last Friday, India’s Minister of Petroleum and Natural Gas Shri Dharmendra Pradhan said up to $16.4 billion would be invested in oil and gas projects in the eastern state of Odisha over the next five years.

The announcement came as the Minister met with Odisha Chief Minister Naveen Patnaik last week. About $5.5 billion has already been invested in the Indian Oil Corporation’s Paradip Refinery, to be commissioned in early 2015.

The projects include petrochemicals, LNG and LPG terminals, oil and gas pipelines and strategic oil reserves in the Chandikhole area, which is to become eastern India’s energy centre according to the investment plan.

Odisha will also be one of the first states to receive gas supplies from three different sources: domestic natural gas, LNG imports and coal bed methane.

Recent Posts

Iberdrola to triple offshore wind assets to $18 billion

Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More

2 days ago

Angola’s Azule Energy awards Saipem $850-million contract

Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More

2 days ago

Arrow Exploration spuds new well in Colombia

Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More

3 days ago

Petronas makes discovery off Suriname

Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More

3 days ago

Japan’s JERA slates $32 billion for LNG, renewables, new fuels

Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More

3 days ago

Chevron planning UK North Sea exit

Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More

3 days ago

This website uses cookies.