OIL & GAS

H-Energy signs agreement with Petrobangla for LNG gas pipeline link

Achieving a major milestone for supply of re-gasified LNG (R-LNG) from India to Bangladesh, H-Energy signed an MoU with Petrobangla on June 16, 2021. The companies will soon finalise a long-term supply agreement to commence the supply of R-LNG to Bangladesh through a cross-border natural gas pipeline. A portion of the piped gas may also be utilised in West Bengal.

H-Energy was authorised by the Petroleum and Natural Gas Regulatory Board (PNGRB), the regulatory body in India, to build, own and operate Kanai Chhata-Shrirampur natural gas pipeline connecting H-Energy’s LNG terminal in West Bengal passing through various regions of the state and further connecting to the Bangladesh border. H-Energy is the only company to have received the authorisation from PNGRB to lay a pipeline till the border for the supply of R-LNG into Bangladesh.

Darshan Hiranandani, CEO of H-Energy, said: “This is a key milestone in the future of India-Bangladesh energy cooperation. I am grateful to the Government of Bangladesh, the team at Petrobangla and the various governmental agencies of India whose unstinted support has made this happen.

Our objective is to deliver environment-friendly, safe and cheaper energy to West Bengal and to western Bangladesh. Thanks to the efforts of all stakeholders, most permissions are in place.”

Source
ET Energy World
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