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India's H-Energy aims for commercial start-up of LNG terminal by Q4 - executive

Reuters  |  SINGAPORE 

By Jessica Jaganathan

(Reuters) - India's H-Energy Pvt Ltd, a unit of group Hiranandani, aims to start full commercial operations at a new floating liquefied (LNG) terminal by the fourth quarter of this year, a said on Wednesday.

The terminal, known as a Floating (FSRU), will be berthed at port of Jaigarh, also the starting point for a 635 kilometre coastal pipeline that H-Energy is building to open up new

The FSRU, leased from French group and the first of its kind in India, will arrive in early May, said Alpen Gandhi, of H-Energy's commercial department. Gandhi was speaking on the sidelines of the LNG held in

The 4 million tonnes per year (mmtpa) terminal may be expanded to a land-based one with a bigger capacity once it stabilises, he said. The FSRU will regasify the LNG shipped from multiple before transferring it onshore.

has four terminals to receive liquefied (LNG) and imports around 20 million tonnes of the super-chilled fuel a year. But over the next seven years the government plans to build another 11 terminals, Narendra Taneja, for the ruling said earlier this year.

H-Energy's told last year his firm has invested 17 billion rupees ($261 million) in building the terminal.

The company is currently in discussions with several potential LNG suppliers, Gandhi said on Wednesday. He decline to identify the companies.

Earlier this year H-Energy's trading office in signed a sale and purchase agreement with Malaysia's

H-Energy is also conducting a feasibility study to build an LNG terminal off the coast of Kolkata in the Bay of Bengal, catering to some of the demand from the Kolkata region and from Bangladesh, Gandhi said.

"It's a totally different concept and will take some time," he said.

($1 = 65.1100 rupees)

(Reporting by Jessica Jaganathan; Editing by Kenneth Maxwell)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 12:49 IST