H-Energy signs MoU with Petrobangla for supply of re-gasified LNG to Bangladesh

Achieving a major milestone for supply of re-gasified LNG from India to Bangladesh, H-Energy signed an Memorandum of Understanding (MoU) with Petrobangla today . Both the companies are going to finalize a long term supply agreement soon to commence the supply of re-gasified LNG to Bangladesh through a cross border natural gas pipeline.

H-Energy was authorised by the Petroleum and Natural gas Regulatory Board (PNGRB), the regulatory body in India, to build own and operate Kanai Chatta-Shrirampur natural gas pipeline connecting H-Energy’s LNG terminal in West Bengal passing through various regions of the state and further connecting to the Bangladesh border, to enable cross border supply of re-gasified LNG into Bangladesh. H-Energy is the only company to have received the authorization from PNGRB to lay a pipeline up to Bangladesh border.

Darshan Hiranandani, CEO of H-Energy, stated: “This is a key milestone in the future of Indo Bangladesh energy cooperation. I am grateful to the Government of Bangladesh, the team at Petrobangla and the various governmental agencies of India whose unstinted support has made this happen.Our objective is to deliver environmentally friendly, safe, and economical energy to the state of West Bengal and to Western Bangladesh. Thanks to the efforts of all stakeholders, most permissions are in place and we shall see important milestone after milestone in this project happen at a rapid pace.”

H-Energy’s wholly owned subsidiary HE Marketing private will be responsible forsourcingLNG and for supplyingR-LNG to Petrobangla. Within Bangladesh Petrobangla will supply this re-gasified LNG to gas based power produces and other gas consumers.