OIL & GAS

H-Energy contracts FSRU Höegh Giant for Jaigarh LNG import terminal

H-Energy on Wednesday said it has contracted floating storage and regasification unit Höegh Giant for its Jaigarh LNG import terminal. The FSRU has been contracted for 10 years, starting first quarter of 2021, the company said in a statement.

H-Energy will commission its Jaigarh LNG regasification terminal in March 2021.

“H-Energy through its wholly-owned subsidiary Western Concessions Pvt Ltd is pleased to announce that it has entered into a binding commitment with Höegh LNG Holdings Ltd for the supply of its FSRU Höegh Giant under a 10-year agreement,” it said.

It is for deployment at its LNG regasification terminal project located at Jaigarh Port in the Ratnagiri district of Maharashtra, H-Energy added. The company did not give out financial details of the deal.

The 2017-built Höegh Giant has a storage capacity of 1,70,000 cubic metres and has a peak regasification capacity of 750 million standard cubic feet per day (about 6 million tonnes per annum).

Gas in its liquid form (LNG) will be imported at the floating terminal at high-sea.

Source
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