‘Two years ago, only governments and energy majors could afford an FSRU’

‘Two years ago, only governments and energy majors could afford an FSRU’

Mumbai-headquartered H-Energy plans to enter India’s LNG-import market, chartering two floating storage and regasification units (FSRUs) to receive short-term and spot cargoes. Chief executive Darshan Hiranandani outlined his plans to Karen Thomas

H-Energy is new to investing in upstream oil and gas; what are your immediate priorities?

Right now, our focus must be on India, on mid-stream and downstream opportunities. If and when we see the gas supply tightening, we will switch our focus to upstream. It is difficult for most players to operate midstream and downstream in India – we believe we have an important role to play here.

We expect the strongest demand to come from domestic use and transport fuel. This will push industrial users to source gas in other ways. Our model is to target customers that need around 1 million tonnes a year (mta). Read More…

 

 

 

Credit By: LNG World Shipping

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