H-Energy to develop offshore LNG terminal in Eastern coast of India

India: H-Energy, a Mumbai based company is planning to develop the first offshore LNG terminal near West Bengal coast. It is also planning to start the construction of the trunk pipeline from LNG terminal to supply natural gas mainly to Bengal and Odisha. The company plans to build 705 km of trunk pipeline from Contai (Medinipur, West Bengal)–Duttapulia (Bengal-Bangladesh border)–Paradip (Odisha). 

TechSci Research depicts that the upcoming new LNG terminals will help in bridging the gap between the demand-supply of natural gas in India. Increasing focus on expansion of gas pipeline infrastructure, rising demand for natural gas from power and industrial sectors coupled with favorable government policies is making LNG a commercially viable fuel for an increasing number of end users industries in India. As a result, LNG demand is forecast to witness robust growth over the next 5-10 years.

According to a released report of TechSci Research, “India LNG Market Forecast and Opportunities, 2025”, the total opportunity for RLNG in India is projected to increase from an estimated 52.34 mmscmd in 2016 to 305.10 mmscmd by 2025, registering a CAGR of more than 21% during 2016. Upcoming LNG terminal projects, surging demand for natural gas in India and cost-effectiveness of LNG as compared to other alternative fuels are among the major factors anticipated to positively influence the country’s LNG market scenario over the next ten years.