The companies have an option to extend the charter party agreement beyond the initial term on mutual agreement.

According to the company's statement, the FSRU has a storage capacity of 145,000 m3 and has capacity to operate the project at approximately 4 million tons per annum. It is also capable of reloading LNG onto other LNG vessels.

The company informed that all necessary studies for port operation, such as Navigation Simulation, Quantitative Risk Assessment, etc. have been carried out, to ensure safe mooring of the LNG FSRU at the new jetty, bringing LNG carriers alongside the FSRU to allow ship-to-ship transfer.

H-Energy has also awarded the EPCM contract for constructing its 60 km Tie-in pipeline, from Jaigarh port to Dabhol. The contract was awarded to Engineers India Ltd (EIL) and the construction is expected to get completed by Q3 2018. The company plans to commence commercial operations of the LNG facilities at Jaigarh, after completing the necessary facilities, in Q3 2018.