H-Energy leases Hoegh FSRU for Jaigarh LNG terminal

H-Energy, through its wholly owned subsidiary Western Concessions Private Ltd., has entered into a binding commitment with Hoegh LNG Holdings Ltd. for the supply of its Hoegh Giant floating storage and regasification unit (FSRU) under a 10-year agreement. The vessel will be deployed at its LNG regasification terminal at Jaigarh Port, Ratnagiri district, Maharashtra, India.

The 2017-built Hoegh Giant has storage of 170,000 cu m and has a peak regasification capacity of 750 MMcfd (roughly 6 million tonnes/year). The FSRU will deliver regasified LNG to the 56-km Jaigarh-Dabhol natural gas pipeline, connecting to India’s national gas grid, and will also deliver LNG to truck racks and provide bunkering.

Jaigarh LNG plans to commission its regasification terminal in March 2021. It will be India’s first FSRU-based LNG terminal, according to H-Energy. The company also plans to develop retail LNG and compressed natural gas (CNG) stations across India to enhance their use as transportation fuel.