Indian H-Energy to Work with Korean Consortium for FSRU Project

Indian H-Energy will work with a South Korean consortium to develop FSRU and pipeline projects in India. It signed an MoU November 16 with consortium comprised of Korea Gas Corporation, SK Shipping, Fairwood Peninsula Energy and Korea Development Bank. Both parties will work on developing FSRU and pipeline projects on India’s east and west coast through equity investments coupled with joint management in the areas of project execution, operations and maintenance and skill development.

On the east coast, H-Energy is moving ahead with a FSRU in the offshore Digha region of the state of West Bengal which will be connected to the onshore receiving facility by a 115-km subsea pipeline. The Mumbai based company also plans to lay a 715-km gas pipeline originating in Contai in West Bengal. This pipeline is intended to service several customers in states of West Bengal, Odisha as well as to gas based power projects in western Bangladesh. The point of delivery of gas will be near Duttapulia at the India-Bangladesh border.

H-Energy is also executing an FSRU project at Jaigarh Port in Maharashtra on the west coast of India.

Shardul Sharma