H-Energy, the oil and gas arm of Mumbai-based Hiranandani Group, is planning to commission its first LNG retail outlet in Panvel, Maharashtra in a year. The outlet, part of a larger expansion plan, will help the company sell gas from its Jaigarh LNG terminal located in Ratnagiri district in the state.
“H-Energy will have its first LNG retail outlet in Panvel by October next year. We are trying for four more (outlets) but the Panvel facility will be up and running by next Diwali,” H-Energy Managing Director and Chief Executive Officer (CEO) told ETEnergyworld.
The company is setting up the Jaigarh terminal in two phases. The first phase of the project – consisting of a jetty-based Floating Storage & Regasification Unit (FSRU) of 4 million tonne per annum (MTPA) capacity — is already operational. In the second phase, a land-based terminal of 8 MTPA capacity is being planned.
H-Energy has also started work on laying a tie-in pipeline from Jaigarh to Dabhol which will carry regasified LNG from the terminal to the natural gas grid of GAIL (India). Read More
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