Indian natural gas company H-Energy Global has entered into an agreement for the development of an LNG regasification and reloading terminal at Kakinada Port on India’s East Coast.
H-Energy will complete the project under a Port Service Agreement (PSA) signed with Kakinada Seaports Limited (KSPL) through its wholly owned subsidiary East Coast Concessions Private Ltd (ECPL).
KSPL has the concession for Kakinada Deep Water Port from the government of Andhra Pradesh.
As disclosed by the company, the LNG hub at the Kakinada Port will cater to the needs of domestic customers in the state of Andhra Pradesh and is expected to supply LNG through small LNG vessels to H-Energy’s upcoming Kukrahati LNG terminal.
“We believe that Kakinada with its existing breakwater and deep draft combined with its close proximity to various natural gas pipeline makes this an efficient and successful project for our customers, our partners, and ourselves,” Darshan Hiranandani, CEO of H-Energy, commented.