THE Hiranandani Group is looking to set up a floating LNG import terminal off Haldia (West Bengal), at an estimated cost of Rs 2,400 crore, for supply of imported gas to users as far as Paradip in Odisha.
A 4-million tonne per annum floating storage and re-gasification unit (FSRU) will be developed by H-Energy, the group’s energy arm, about 115 km off the Haldia coast by the first quarter of 2019, according to reports.
Liquefied natural gas (LNG) will be imported in cryogenic ships to the FSRU and reconverted into gaseous state before being moved to an onshore terminal.
The imports would cater to city gas requirements of Kolkata, Bhubaneswar, Cuttack and Haldia, as well as industrial demand there, it is learnt.
This post was written by Atlantic Admin