India’s H-Energy, a natural gas company, has signed a memorandum of understanding with Bangladesh’s state-run Petrobangla for the supply of re-gasified liquefied natural gas.
H-Energy said that it has been authorised by the Petroleum and Natural Gas Regulatory Board to build, own and operate the pipeline.
It also added that both firms will finalise a long-term supply agreement to start the supply of LNG to Bangladesh through a cross-border natural gas pipeline. The unit is planned to be capable of handling four million tonnes per year.
The company mentioned that it will commission its floating storage and regasification unit at the Jaigarh port in Maharashtra in July of this year. H-Energy is also constructing LNG re-gasification terminals on the east coast of India at Kakinada, Andhra Pradesh and at Kukrahati, West Bengal.
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