H-Energy Global, Indian natural gas company, signed a Port Service Agreement (PSA) with Kakinada Seaports Limited (KSPL), for the development of an LNG regasification and reloading terminal at Kakinada Port on India’s East Coast.
Specifically, the H-Energy aims to construct an LNG hub at the port to serve the needs of domestic customers in the state of Andhra Pradesh and shall supply LNG through small LNG vessels to H-energy’s upcoming Kukrahati LNG terminal in the state of West Bengal and neighboring countries like Bangladesh, Myanmar.
In light of the agreement, Mr Darshan Hiranandani, CEO of H-Energy stated
H-Energy is excited to partner with Kakinada Seaports for our East coast project. 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.
In 2018, India acquired its first LNG floating storage unit, launched by H-Energy at JSW Jaigarh Port LNG terminal, to enable the development of local port-based industries.
