H-Energy signs FSRU agreement with ENGIE

Achieving two major milestones for its LNG re-gasification project at Jaigarh port in Maharashtra on the west coast of India, H-Energy Gateway Private Ltd has recently signed an agreement with Engie for chartering its FSRU GDF SUEZ Cape Ann. The Floating Storage Re-gasification Unit (FSRU) has a storage capacity of 145,000 cubic metre and is equipped with re-gasification capacity to operate the project at approximately 4 million tons per annum. The FSRU is also capable of reloading LNG onto other LNG vessels. The FSRU has been chartered by H-Energy for a period of 5 years and will arrive at the LNG jetty at Jaigarh port by Q3 2018.
Commenting on the partnership, Mr. Darshan Hiranandani, CEO of H-Energy said, “We value the relationship with ENGIE and are happy that a global LNG player like ENGIE is part of our FSRU project, we feel that both the companies will enhance their relationship further through various collaboration measures in future as well.”
As per the press release made by H-Energy earlier, work has started at Jaigarh port for the construction of jetty for the Floating Storage and Re-gasification Unit (FSRU) project. In December 2016, H-Energy, the energy arm of Hiranandani Group has given clearance to JSW Jaigarh Port Limited (Jaigarh Port) for constructing the jetty for its LNG re-gasification terminal project.
The terminal is being developed in accordance with the highest Indian and international engineering and safety standards. H-Energy plans to commence commercial operations of the LNG facilities at Jaigarh, after completing the necessary topside facilities, in Q3 2018.
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