Bermuda-based LNG vessel owner Hoegh LNG on February 1 said it has completed and signed all documentation for its 10-year charter with India’s H-Energy and selected the floating storage and regasification unit (FSRU) Hoegh Giant to serve this agreement. The deal was announced in November last year.  

Hoegh Giant is currently completing its charter with Naturgy, and will then proceed directly to Keppel Shipyard for minor modifications. The vessel is expected to be off hire for approximately 40 days in the first quarter of 2021 before the start-up under the H-Energy contract in March 2021, Hoegh said.    

Hoegh Giant will be the first FSRU operating in India and will deliver natural gas to the 56-km Jaigarh-Dabhol pipeline connecting the LNG import terminal to the national gas grid and will also deliver LNG for onshore distribution through LNG truck loading facilities, as well as reloading LNG onto small-scale LNG vessels for downstream distribution or LNG bunker services.  

The company will develop the Jaigarh project in two phases. In the first phase, the terminal will have a capacity of 4mn metric tons/year.  H-Energy is also developing import projects at Kakinada port on India's east coast and in West Bengal.