New Delhi — The Jaigarh LNG terminal in India's western Maharashtra state, the country's first floating LNG import project, is now scheduled to start up in April, a spokesperson with Mumbai-based project developer H-Energy said Friday.
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The project, with a capacity of 4 million mt/year, was originally scheduled to start up in Q4 2018 and had then been delayed to Q1 2019. The reasons remained unclear.
The floating, storage and regasification unit GDF Suez Cape Ann is expected to be deployed at the facility, and the regasified LNG will be supplied to customers through a 60-km pipeline which shall be connected to the national gas grids at Dabhol.
The terminal will add to India's existing onshore terminals at Dahej, Hazira, Dabhol and Kochi, all located on the west coast, and help boost the country's LNG imports.
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H-Energy told S&P Global Platts late last year, it was in discussion with multiple LNG sellers for mid-term and short-term supplies on an FOB and DES basis for delivery to Jaigarh.
The company has secured approximately 1.5 million mt/year in binding supply deals through its wholly-owned subsidiary H-Energy Mideast, and plans to increase its LNG portfolio to four to five million mt/year by 2021, Rahul Tiwari, an LNG trader with H-Energy said at the tenth Asia Pacific LNG Summit held in Singapore October 17-18, 2018.
H-Energy Mideast has executed contracts with various suppliers, including Malaysia's state-owned Petronas, and expects its global supply portfolio to include LNG from the Middle East, Australia, US and Russia, and be priced against Brent, Henry Hub and Platts JKM benchmarks, he said.
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