H-Energy constructing LNG terminal in Andhra Pradesh

H-Energy is constructing a LNG terminal in Kakinada to cater to the requirements of domestic consumers in Andhra Pradesh.

Engaged in building LNG terminals and laying natural gas pipelines, H-Energy has been authorised by the Petroleum and Natural Gas Regulatory Board of India to develop a natural gas pipeline between India and Bangladesh.

A port service agreement was signed in Hyderabad between East Coast Concessions Private Limited, a subsidiary of H-Energy, and Kakinada Seaports Limited, a concessionaire operating the Kakinada deep water port for the construction of the terminal.

A re-gasification and reloading terminal will be built here. Besides catering to the needs of Andhra Pradesh consumers, the terminal will also supply LNG in small vessels to Kukrahati LNG terminal of the company in West Bengal as well as to Bangladesh and Myanmar.

Darshan Hiranandani, the CEO of H-Energy, said, “We are excited at the prospect of building the terminal at Kakinada and entering the AP market, and as the terminal is in the proximity of a natural gas pipeline network, we are sure of success.”

Image Credit : static-news.moneycontrol.com

Research Desk

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