Tag: H-Energy

Business World

H-Energy Signs Memorandum of Understanding (MoU) with for supply of re-gasified LNG to Bangladesh

Jun 17, 2021 by Neel Achary 0 Comments #H-Energy

Chennai, 16th June 2021: Achieving a major milestone for supply of re-gasified LNG from India to Bangladesh, H-Energy signed the Memorandum of Understanding (MoU) with Petrobangla on 16th June 2021. The companies will soon finalize a long term supply agreement to commence the supply of re-gasified LNG to Bangladesh through a cross border natural gas pipeline.

H-Energy was authorized by Petroleum and Natural gas Regulatory Board (PNGRB), the regulatory body in India, to build own and operate Kanai Chatta-Shrirampur natural gas pipeline connecting H-Energy’s LNG terminal in West Bengal passing through various regions of the state and further connecting to the Bangladesh border, to enable cross border supply of re-gasified LNG into Bangladesh. H-Energy is the only company to have received the authorization from PNGRB to lay a pipeline till the Bangladesh border.

Mr. Darshan Hiranandani, CEO of H-Energy said “this is a key milestone in the future of Indo Bangladesh energy cooperation. I am grateful to the Government of Bangladesh, the team at Petrobangla and the various governmental agencies of India whose unstinted support has made this happen. Our objective is to deliver environmentally friendly, safe, and economical energy to the state of West Bengal and to Western Bangladesh. Thanks to the efforts of all stakeholders, most permissions are in place and we shall see important milestone after milestone in this project happen at a rapid pace.”

H-Energy’s wholly owned subsidiary HE Marketing private will be responsible for sourcing LNG and for supplying R-LNG to Petrobangla. Within Bangladesh Petrobangla will supply this re-gasified LNG to gas based power producers and other gas consumers.

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H-Energy committed FSRU contract to Höegh

Dec 9, 2020 by Rekha Nair 0 Comments #H-Energy, #Höegh, #Höegh LNG Holdings Ltd., #Mr. Darshan Hiranandani, #Western Concessions Private Limited

Mumbai: H-Energy through its wholly owned subsidiary Western Concessions Private Limited (“H-Energy”), is pleased to announce that it has entered into a binding commitment with Höegh LNG Holdings Ltd. for the supply of its Floating Storage and regasification Unit (“FSRU”) Höegh Giant under a 10-year agreement, for deployment at its LNG regasification terminal project located at Jaigarh Port in Ratnagiri district of Maharashtra, India. The FSRU will be delivered to H-Energy’s Jaigarh project in the first quarter of 2021.

The 2017 built Höegh Giant has a storage capacity of 170,000 m3 and has a peak regasification capacity of 750 mmscfd (approximately 6.0 MMTPA). The FSRU will deliver regasified LNG to the 56 km Jaigarh-Dabhol pipeline connecting to the National Gas grid and will also deliver LNG onshore for LNG truck loading facilities. The FSRU is also capable of reloading LNG onto other LNG vessel’s for providing bunkering services.

Upon the delivery of the FSRU H-Energy will commission its Jaigarh LNG regasification terminal project in March 2021. This LNG terminal will become India’s first FSRU based LNG regasification terminal.
H-Energy’s Jaigarh LNG terminal is also constructing truck loading facilities to deliver LNG through trucks to its customers. H-Energy further plans to develop L-CNG stations across India to enhance the utilisation of LNG and CNG as transportation fuel, contributing to the environment in line with the policy of the Government of India.
Announcing the agreement and the commission date for the Jaigarh project the Chief Executive Officer of H-Energy, Mr. Darshan Hiranandani stated “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 utilization 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.”