India’s gas company H-Energy has signed an agreement with French multinational electric utility company Engie to charter its floating storage re-gasification unit (FSRU) GDF SUEZ Cape Ann.
Under the deal, H-Energy said it will charter the 145,000 cbm FSRU for a minimum period of 5 years starting from the third quarter of 2018, when the vessel is scheduled to arrive at the LNG re-gasification project at Jaigarh port in Maharashtra on the west coast of India.
Equipped with re-gasification capacity to operate the project at around 4 million tons per annum, the FSRU is also capable of reloading LNG onto other LNG vessels.
The parties have an option to extend the charter agreement beyond the initial term on mutual agreement.
All necessary studies for port operation such as Navigation Simulation, Quantitative Risk Assessment, etc. have been carried out to ensure safe mooring of the LNG FSRU at the new jetty, bringing LNG carriers alongside the FSRU to allow ship-to-ship transfer, H-Energy said.
The company plans to start commercial operations of the LNG facilities at Jaigarh after completing the necessary topside facilities in the third quarter of 2018.