Indian natural gas company, H-Energy Global is to develop an LNG regasification and reloading terminal at Kakinada on India’s East Coast.
H-Energy will complete the project under a Port Service Agreement (PSA) signed with Kakinada Seaports Limited (KSPL) through its wholly owned subsidiary East Coast Concessions Private Ltd (ECPL).
KSPL has the concession for Kakinada Deep Water Port from the government of Andhra Pradesh.
The Kakinada LNG hub will cater to the needs of Andhra Pradesh domestic customers and is expected to supply LNG through small-scale LNGCs to H-Energy’s forthcoming Kukrahati LNG terminal.
“We believe that Kakinada with its existing breakwater and deep draft combined with its close proximity to various natural gas pipeline makes this an efficient and successful project for our customers, our partners, and ourselves,” Darshan Hiranandani, H-Energy CEO, commented.
Meanwhile, H-Line Shipping has ordered a 174,000 cu m LNGC from Hyundai Samho Heavy Industries.
An HHI stock filing said that the contract has a value of KRW228 bill ($191.2 mill).
The LNGC is scheduled for delivery by 31st December, 2021.
