India’s first LNG FSRU has been classed by Indian Register of Shipping (IRClass).
Built by Hyundai Heavy Industries in Ulsan, South Korea, the Indian flagged 180,000 cu m FSRU, ‘Vasant 1’ is designed for continuous operations without the need for drydocking for 20 years.
The FSRU has been assigned class notation for 20 years extended interval between successive drydockings and complies with the requirements of IRClass Rules and the Indian Flag State. It is owned by Triumph Offshore Pvt Ltd, a wholly owned subsidiary of Swan Energy, an Indian-based listed company.
She is able to operate in two distinct modes – LNGC Mode and FSRU mode, which allows the unit to receive LNG from LNGCs, regasify the LNG and send it out to consumers.
The FSRU complies with the recently updated IRClass rules applicable for LNGCs provided with regasification systems and takes into account various risks associated with operating the units by appropriate risk control measures.
The updated IRClass Main Rules for Seagoing ships, covers the requirements for regasification systems in a separate chapter, which addresses various aspects, such as systems design, fire safety, emergency shutdown arrangements, survey and testing requirements, etc.
She has also been verified with respect to the requirements of the IGC Code and IRClass Rules for Gas Carriers.
With strong government support and improved infrastructure in India, the prospects for natural gas are expected to rise significantly to meet growing energy demands in the country, the class society said.
This is also in line with the Indian government’s vision to build a gas-based economy and increase the share of natural gas in the primary energy mix to 15% by 2030, up from 6% today.
“As we anticipate energy demand to soar in India, it is important to move towards the use of clean energy to meet that need. Undertaking this project demonstrates our commitment towards a greener future, and we at IRClass are delighted to play an essential role in meeting that goal.” said IRClass’ Joint Managing Director, Vijay Arora.