H-Energy Gateway launched India’s first Floating Liquefied Natural Gas (LNG) terminal at JSW Jaigarh Port in Ratnagiri district of Maharashtra.
H-Energy Gateway, the Hiranandani Group-owned company, launched India’s first Floating Liquefied Natural Gas (LNG) terminal at JSW Jaigarh Port in Ratnagiri district of Maharashtra.
The LNG terminal is expected to start operations by the fourth quarter of 2018. It has an annual storage capacity of 4 million tonnes and will be capable of reloading LNG into other vessels.
Floating terminals are efficient than land-based terminals because these units are usually docked to ports to receive, store and reheat LNG all in the same terminal before consumption or export.
“In the near future, Jaigarh Port is getting ready for a giant leap to handle 80 MTPA of cargo and is aiming for direct berthing of next-generation vessels i.e. largest dry bulk carrier (Vale Max), LNG carrier (Q-Max), largest container vessels (EEE Series) and very large crude carriers,” said Capt. BVJK Sharma, Joint Managing Director & CEO, JSW Infrastructure.
The firm said in a statement that LNG from the unit will be used to cater growing needs of Indian industries and will be supplied to customers through a 60 km tie-in pipeline which will be connected to national gas grids at Dabhol. The terminal will give a boost to local port-based industries.