India’s first FSRU-based LNG Terminal inaugurated and dedicated to the nation by Maharashtra CM Devendra Fadnavis

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Jaigarh: H-Energy Gateway Private Ltd. (the energy venture of Hiranandani Group) today launched India’s first Floating Storage Re-gasification Unit (FSRU) based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra. The Jaigarh Port is owned & operated by JSW Infrastructure (the maritime infrastructure development arm of US$ 12 billion JSW Group). The LNG terminal was inaugurated today, by the Hon. Chief Minister of Maharashtra, Shri Devendra Fadnavis.

H-Energy’s LNG Terminal is developed in accordance with world-class engineering and safety standards with an annual capacity of 4 MMTPA. It is scheduled for commercial operations by Q4 2018 and will be capable of reloading LNG into other vessels.

The launch of India’s first FSRU based LNG terminal marks a new era of opportunities to drive the development of port-based industries and social infrastructure in India. The LNG terminal will cater to the need of clean, safe and affordable natural gas. H-Energy’s LNG Terminal is also expected to greatly benefit the state of Maharashtra by providing clean fuel for transportation & households.

The LNG terminal will offer storage, re-gasification, re-loading, fuel bunkering and truck loading facilities to cater to the growing energy demand of Indian industries. When operational, the re-gasified LNG will be supplied to customers, through a 60-km tie-in pipeline which shall be connected to national gas grids at Dabhol.

Mr. Niranjan Hiranandani, Chairman Hiranandani Group congratulated everyone and expressing his views said, “Setting up India’s first FSRU is an honour for our company. We are pleased that the first of our LNG ventures is getting completed on schedule; we also continue to work on our other projects at a steady pace. We would like to reiterate our commitment towards creating infrastructure that will help improve the lives of the people.”

Speaking on the occasion, Mr. Darshan Hiranandani, MD & CEO, H-Energy said, “We are happy to see our vision turning into reality. Inaugurating the first FSRU project and Jetty infrastructure is a key milestone towards completion of this LNG terminal project. The FSRU-led approach will usher a sectoral change in terms of reducing the time taken for commissioning such re-gasification projects. This project enables H-Energy to become a large scale provider of natural gas to India, a much desired green fuel. My sincere thanks to Government of Maharashtra, Ministry of Petroleum and Natural Gas, Ministry of Shipping and the Petroleum and Natural Gas Regulatory Board, for their continued help and guidance. I also congratulate my team on the dedication and hard work put in to achieve such a feat.”

Commenting on the inauguration event, Capt. BVJK Sharma, Joint Managing Director & CEO, JSW Infrastructure said, “JSW’s collaboration with H-Energy and the launch of India’s first FSRU-based LNG Terminal reiterates our commitment to enable development of state-of-the-art maritime infrastructure facilities in India. In the near future, Jaigarh Port is getting ready for a giant leap to handle 80 MTPA of cargo and is aiming for direct berthing of next generation vessels i.e. largest dry bulk carrier (Vale Max), LNG carrier (Q-Max), largest container vessels (EEE Series) and very large crude carriers. This LNG terminal will enable development of local port-based industries in Maharashtra region.”

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