H-Energy, the energy arm of realty major Hiranandani Group, is looking to source around 1 million tonne per annum (MTPA) of additional LNG cargo for its Jaigarh terminal as the company plans to start operations in the October-December quarter of 2019.
“We already sourced around 1 million tonne from three different suppliers including Petronas, and now we are in market once again to contract another 0.7 million tonne as a ramp up requirement.
The regassification term contracts will be effective from January 1, 2020,” a senior company official told FE. The terminal will start with a capacity of 1.5 million tonne and will be ramped up to 2.5 mtpa in a year, the official added.
The company that plans to take its capacity to 8 MTPA after the second phase expansion at Jaigarh, believes, gas demand has been very stable in the last six months Read more
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