H-Energy hires floating LNG terminal from Engie

H-Energy, arm of Hiranandani Group, has hired a floating LNG terminal from French group Engie and hopes to start operations at the Jaigarh port in Maharashtra from end 2018.
The floating storage and regasification unit (FSRU) has been chartered by H-Energy for a period of 5 years and will arrive at the LNG jetty at Jaigarh port by the third quarter of next year, a company statement said.
Once operational, this will be the fifth LNG import terminal on the west coast. The west coast already has four LNG import terminals including: Dahej and Hazira in Gujarat; Dabhol in Maharashtra and Kochi in Kerala. Jaigarh also houses the 5 million tones Dabhol LNG terminal operated by gas utility Gail India.

"Achieving two major milestones for its LNG re- gasification project at Jaigarh port in Maharashtra on the west coast of India, H-Energy Gateway Pvt Ltd signed an agreement with Engie for chartering its FSRU GDF SUEZ Cape Ann," it said.
The FSRU has a storage capacity of 145,000 cubic meters and is equipped with re-gasification capacity to operate the project at approximately 4 million tons per annum. The FSRU is also capable of reloading LNG onto other LNG vessels.
The companies have an option to extend the charter party agreement beyond the initial term on mutual agreement.

All necessary studies for port operation have been carried out to ensure safe mooring of the LNG FSRU at the new jetty, bringing LNG carriers alongside the FSRU to allow ship-to- ship transfer, the statement said.

H-Energy has also awarded the EPCM contract for constructing its 60 km pipeline from Jaigarh port to Dabhol.
The contract was awarded to Engineers India Ltd (EIL) which is one of the leading Consultancy and EPC companies in India. The pipeline construction is expected to be completed by the third quarter of next year.