H-Energy signs deal with Petrobangla for the supply of re-gasified LNG

A natural gas company, India’s H-Energy, announced it has signed a memorandum of understanding with Bangladesh’s state-run Petrobangla for the supply of re-gasified liquefied natural gas.

H-Energy stated that it has been authorised by the Petroleum and Natural Gas Regulatory Board to build, own and operate the pipeline. It added that both firms will finalise a long-term supply agreement to start the supply of LNG to Bangladesh through a cross-border natural gas pipeline.

The company mentioned that it will commission its floating storage and regasification unit at the Jaigarh port in Maharashtra in July of this year. The unit is planned to be capable of handling four million tonnes per year.

H-Energy said its wholly owned subsidiary HE Marketing Private will be responsible for sourcing LNG and for supplying R-LNG to Petrobangla. H-Energy is also constructing LNG re-gasification terminals on the east coast of India at Kakinada, Andhra Pradesh and at Kukrahati, West Bengal.

For more information visit www.henergy.com

21st June 2021