H-EnergySignsMemorandum of Understanding (MoU) with Petrobanglafor supply
H-EnergySignsMemorandum of Understanding (MoU) with Petrobanglafor supply of re-gasified LNG to Bangladesh
Chennai, 16th June 2021:
Achieving a major milestone for supply of re-gasified LNG from India to Bangladesh, H-Energy signed theMemo ran dum of Understanding (MoU) with Petrobangla on 16th June 2021. The companies will soon finalize a long term su pply agreement to commence the supply of re-gasified LNG to Bangladesh through a cross border nat ural gas pipeline.
H-Energy was authorized by Petroleum and Natural gas Regulatory Board (PNGRB), the regulatory body in Ind ia, to build own and operate Kanai Chatta-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.
Mr.Darshan Hiranandani, CEO of H-Energy said “this is a key mil estone in the future of Indo Bangladesh energy cooperation. I am grateful to the Government of Bangladesh, the team at Petroba ngla and the various govern mental agencies of India whose uns tinted support has made this happen.Our objective is to deliver environm entally friendly, safe, and economical energy to the state of West Bengal and to Western Bangladesh. Thanks to the efforts of all stakeholders, most permissions are in place and we shall see important milestone after miles tone in this project happen at a rapid pace.”
H-Energy’s wholly owned subsidiary HE Marketing private will be responsible forsourcingLNG and for supply ingR-LNG to Petrobangla. Within Bangladesh Petrobangla will supply this re-gasified LNG to gas based power produces and other gas consumers.
About H-Energy:
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 commission of its FSRU based LNG receiving terminal at the Jaigarh port in Maharashtra in July 2021. The Jaigarh terminal project is connect to India’s national gas grid at Dabhol through a56km pipeline. H-Energy is also constructing LNG re-gasification terminals on the east coast of India at Kakinada, Andhra Pradesh and at Kukrahati, West Bengal.
