Hoegh to supply FSRU for H-Energy’s Jaigarh project in India

Norway’s Höegh LNG has entered into a binding deal to supply FSRU for H-Energy’s delayed import project in Jaigarh, India.

The floating LNG player said Thursday it would supply the unit as early as first quarter 2021.

Furthermore, the final deal will be for 10 years with annual termination options after year five.

Hoegh LNG will allocate one of its available FSRUs currently trading in the LNG carrier market for the project.

CEO Sveinung J.S. Stohle said the construction of H-Energy’s LNG import project is near to completion, positioning it as a timely gateway to one of the world’s highest growing LNG markets.

“The terminal will be the first of what we believe could be multiple FSRU based terminals in India,” he said.

Long-delayed import project

H-Energy’s Jaigarh project, located south of Mumbai in Maharashtra state, has faced several setbacks over the years.

The Hiranandani firm previously expected to start the facility in 2018 but the launch of the facility has been delayed for several times.

H-Energy said that one of the main reasons for the setbacks were monsoon rains that affected the construction of the pipeline connecting the terminal at Jaigarh to the gas grid at Dabhol.

The firm now expects commercial launch in the fourth quarter of 2021, according to its website.

The project will be implemented in two phases with the first including a jetty-based FSRU with 4 million tonnes per annum capacity.

Additionally, the second phase would include a land-based facility with a capacity of up to 8 mpta.

Most Popular

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

More News Like This

Indonesian FSRU wraps up 69th STS LNG transfer

PGN LNG, a unit of PGN and the operator of the floating LNG import facility offshore Lampung, said in...

Golar sells Avenir LNG stake to Stolt-Nielsen

Avenir is a joint venture of Stolt-Nielsen, Golar, and Hoegh Evi, previously known as Hoegh LNG. Gold said in a...

Hoegh Evi, SEFE ink hydrogen pact

Norwegian FSRU player Hoegh Evi, previously known as Hoegh LNG, is joining forces with German gas importer Securing Energy...

Igneo Infrastructure Partners to take ownership interest in Hoegh Evi

Hoegh Evi, previously known as Hoegh LNG, announced the acquisition in a statement on Friday saying Aequitas will retain...