Mumbai: Achieving a major milestone for supply of re-gasified LNG from India to Bangladesh, H-Energy signed the Memorandum of Understanding (MoU) with Petrobangla on 16th June 2021.
The companies will soon finalize a long-term supply agreement to commence the supply of re-gasified LNG to Bangladesh through a cross-border natural gas pipeline.
H-Energy was authorized by Petroleum and Natural gas Regulatory Board (PNGRB), the regulatory body in India, to build its own and operate Kanai Chhata-Shrirampur natural gas pipeline connecting H-Energy’s LNG terminal in West Bengal passing through various regions of the state and further connecting to the Bangladesh border, to enable cross border supply of re-gasified LNG into Bangladesh.
H-Energy is the only company to have received the authorization from PNGRB to lay a pipeline till Bangladesh border.
H-Energy’s wholly-owned subsidiary HE Marketing private will be responsible for sourcing LNG and for supplying R-LNG to Petrobangla. Within Bangladesh Petrobangla will supply this re-gasified LNG to gas-based power producers and other gas consumers.
H- Energy is engaged in developing LNG re-gasification terminals, on the West Coast and the East Coast of India. The company is also involved in developing Natural Gas pipelines and LNG retail distribution business in India. H-Energy will start the commission of its FSRU based LNG receiving terminal at the Jaigarh port in Maharashtra in July this year.