Höegh Giant, India’s first floating storage and regasification unit (FSRU), arrived at H-Energy’s Jaigarh Terminal in Maharashtra, following a voyage from Keppel Shipyard, Singapore
H-Energy chief executive Darshan Hiranandani said, “This will be India’s first FSRU-based LNG regasification terminal, which marks a new chapter in India’s mission for accelerated growth of LNG infrastructure. FSRU-based LNG terminals enhance the pace of natural gas import capability in an environmentally friendly and efficient manner.”
Added Mr Hiranandani, “We are committed to the growth of the LNG market in India. We aim to contribute to the overall development of the natural gas value chain, aligned with the Prime Minister’s vision of increasing the share of natural gas in India’s energy mix from 6% to 15% by 2030.”
Under a 10-year charter from Hoegh LNG, the 2017-built FSRU Höegh Giant will undergo testing and commissioning activities prior to the start of commercial operations at the LNG receiving terminal. Expectations are the terminal could be commissioned this month.
One of 10 FSRUs owned by Höegh LNG, Höegh Giant has storage capacity of 170,000 m3 and installed regasification capacity of 750 million cubic feet per day (mcfd), which is equivalent to about 6M tonnes of LNG per year.
Höegh Giant will deliver regasified LNG to the 56-km Jaigarh-Dabhol natural gas pipeline, connecting the LNG terminal to the national gas grid.
Located on the west coast of India in the JSW Jaigarh Port in the state of Maharashtra, the facility will also deliver LNG through truck-loading facilities for onshore distribution and reload LNG onto small-scale LNG vessels for bunkering services.
H-Energy also intends to develop a small-scale LNG market in the region, using the FSRU for storage and reloading LNG onto smaller vessels.
Norwegian shipowner Leif Höegh & Co Ltd and fund manager Morgan Stanley Infrastructure Partners have proposed an offer to take Oslo-listed Höegh LNG Holdings Ltd private. The transaction is anticipated to close in H1 2021.
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