India's H-Energy to supply regasified LNG to Bangladesh
Mumbai-based H-Energy has signed a memorandum of understanding with Bangladesh state-owned Petrobangla for the supply of regasified LNG (RLNG), it said on June 16.
“The companies will soon finalise a long-term supply agreement to commence the supply of regasified LNG to Bangladesh through a cross-border natural gas pipeline,” H-Energy said.
H-Energy has been authorised by the Indian downstream regulator Petroleum and Natural gas Regulatory Board to build, own and operate Kanai Chatta-Shrirampur natural gas pipeline connecting its proposed LNG terminal in the eastern Indian state of West Bengal to the Bangladesh border.
The company is setting up a land-based regasification terminal at Kukrahati in West Bengal. The initial capacity of the terminal will be 3mn metric tons/year. It is expected to become operational in 2023, according to the company website.
“Our objective is to deliver environmentally friendly, safe, and economical energy to the state of West Bengal and to western Bangladesh,” H-Energy CEO Darshan Hiranandani, said. “Thanks to the efforts of all stakeholders, most permissions are in place and we shall see important milestone after milestone in this project happen at a rapid pace.”
HE Marketing Private, a unit of H-Energy, will be responsible for sourcing LNG and for supplying regasified LNG to Petrobangla. Within Bangladesh, Petrobangla will supply the regasified LNG to gas-based power produces and other consumers.
In April, H-Energy took the delivery of India’s first floating storage and regasification unit at its Jaigarh LNG terminal in the western state of Maharashtra. The Jaigarh LNG regasification terminal will be ready to start testing and commissioning activities soon. In addition to the Kukrahati and Jaigarh terminals, H-Energy is also developing an import terminal at Kakinada in Andhra Pradesh.