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In September 2025, local reports announced that Excelerate Global Operations and Invenire Petrodyne have secured a 30-year license from Syama Prasad Mookerjee Port, Kolkata, to develop an FSRU-based terminal in the Haldia port.
Excelerated declined to comment on the development at the time.
Last week, Excelerate’s CEO, Steven Kobos, visited India, where he met Prime Minister Narendra Modi and Minister of Petroleum and Natural Gas Hardeep Singh Puri, according to social media posts from Excelerate and Kobos.
“This week marked an important milestone for Excelerate as we advanced our strategic partnership with Invenire Petrodyne Ltd. to co‑develop an integrated LNG terminal at the Syama Prasad Mookerjee Port in Haldia, West Bengal,” Kobos said.
“Through our joint development agreement, our consortium will gain long‑term access to a 25‑acre waterfront site where we plan to develop, build, and operate a world‑class LNG import facility that will serve India for decades to come,” he said.
Moreover, Kobos noted that India is one of the world’s fastest‑growing economies, and natural gas is poised to play an increasingly important role in supporting its industrial growth, power generation needs, and ambitions for cleaner, more efficient energy systems.
“Projects like Haldia demonstrate the importance of reliable downstream LNG infrastructure — supported by scalable development pathways that enable energy access to grow alongside the country’s needs,” he said.
No FSRUs in India
India currently has no FSRU-based LNG import terminals.
The country imports LNG via eight onshore facilities with a combined capacity of about 52.7 million tonnes per year.
These include Petronet LNG’s Dahej and Kochi terminals, Shell’s Hazira terminal, and the Dabhol LNG, Ennore LNG, Mundra LNG, and Dhamra LNG terminals.
On the other hand, Exclerate currently has 12 FSRUs in its fleet, including a chartered FSRU integrated with the Jamaican assets.
In addition, Excelerate’s new FSRU recently completed its sea trials in South Korea.
Following delivery, the unit will be deployed to Excelerate’s integrated LNG import terminal in Iraq.
