H-Energy's West India Terminal to Start by Year End: Report

Mumbai-based H-Energy is expected to start operations at its Jaigarh floating LNG import terminal by the fourth quarter of this year, Financial Express reported June 18 citing a company official.

The FSRU GDF Suez Cape Ann arrived at Jaigarh Port in the western Indian state of Maharashtra last May. The FSRU is owned by Hoegh LNG but was on charter to France's Engie which had sub-chartered it to China's Cnooc for the previous two winters for use at the Chinese port of Tianjin.

Financia Express reported that with the start of the terminal imminent, H-Energy to looking to source 1mn metric ton/year of LNG. The terminal will start with a capacity of 1.5mn mt/yr and will be ramped up to 2.5mn mt/yr later, the official told the newspaper.

H-Energy is also planning a land-based receiving terminal in the eastern Indian state of West Bengal. Earlier this year, company CEO Darshan Hiranandani said during an event in Kolkata that work on the proposed LNG receiving terminal will likely start in the middle of this year.

The terminal will supply regasified LNG to West Bengal as well as to neighbouring Bangladesh. The initial capacity of the terminal would be 3mn mt/yr which can be expanded to 5mn mt/yr in due course.