Indian LNG company H-Energy has signed a binding commitment with Höegh LNG Holdings to deploy the floating storage and regasification unit (FSRU) Höegh Giant at H-Energy’s Jaigarh Port regasification terminal in Maharashtra, India.
The deal was struck through H-Energy subsidiary Western Concessions Private Limited. It will be the first FSRU-based LNG regasification in India. The Höegh Giant was built in 2017 and has a storage capacity of 170,000 m3, with a peak regasification capacity of approximately 6 million tpa. The terminal will supply regasified LNG to both the 56 km Jaigarh-Dabhol pipeline connecting to the India’s gas grid, and to onshore LNG truck loading facilities which are currently under construction. The Höegh Giant can also provide bunkering services for LNG-powered ships.
H-Energy expects to commission the Jaigarh LNG regasification terminal in March 2021, following the arrival of the FSRU. The company says that it plans to develop liquid to compressed natural gas (L-CNG) fuelling stations in India to increase the use of LNG and CNG as fuel, in line with the Indian government’s environmental policies.
‘We are very happy to have partnered with an experienced player like Höegh, this will enable the Jaigarh project to start delivering first gas by March 2021. The government of India and the Petroleum and Natural Gas Regulatory Board have taken several positive steps recently including unified tariff and city gas distribution open access which will result in a multi-fold increase in the utilisation of natural gas in India. We are confident that H-Energy will establish its presence as an efficient, economic and customer-focussed LNG value chain player in India, says H-Energy CEO Darshan Hiranandani.