H-Energy launches India's first floating LNG terminal
The Hiranandani Group subsidiary, H-Energy, has launched India’s first floating liquefied natural gas (LNG) terminal.
The terminal, located at Jaigarh Port, in the Ratnagiri district of Maharashtra, was inaugurated by Chief Minister of the region, Devendra Fadnavis.
The 4mn tonne capacity floating storage and regasification unit (FSRU) has been valued at Rs1,663crore (US$249mn).
The port in which the terminal is situated is owned and operated by JSW Infrastructure, the maritime subsidiary of JSW Group.
The FSRU will convert LNG back to gas and “will be capable of reloading LNG into other vessels,” H-Energy explained.
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From Jaigarh, the energy company aims to develop a 635km pipeline, reaching Mangalore, to explore new gas markets.
“Inaugurating the first FSRU project and Jetty infrastructure is a key milestone towards completion of this LNG terminal project,” stated Darshan Hiranandani, CEO and Managing Director of H-Energy.
“The FSRU-led approach will usher a sectoral change in terms of reducing the time taken for commissioning such re-gasification projects.”
“This project enables H-Energy to become a large scale provider of natural gas to India, a much desired green fuel.”
“JSW’s collaboration with H-Energy and the launch of India’s first FSRU-based LNG Terminal reiterates our commitment to enable development of state-of-the-art maritime infrastructure facilities in India,” remarked Capt BVJK Sharma, Joint Managing Director and CEO of JSW Infrastructure.
Global Offshore rebrands Enelift and invests in global hubs
Global Offshore has rebranded Enelift and will invest "a seven-figure sum" in establishing new support hubs in Houston, Dubai, Singapore, Perth and the Caspian during the next six months.
The investment will cover oil, gas and renewables, mainly concentrating on manufacturing capability with associated R&D, as well as in stock held in the hubs.
The company’s flagship Hinge Lok technology provides aluminium, non-welded light weight transportation cradle for casing and tubing. Enelift now plans to enhance its offering by augmenting its existing solutions with robotics and remote operational and training technology, which will reduce manpower for handling offshore equipment that is transported and stored using the Hinge Lok system.
Enelift is partnering with "a Japanese robotics company" and the technology will be trialed with "a Norwegian operator on a Norwegian drilling rig", according to a statement.
Operating from its bases in Aberdeen, UK and Esbjerg, Enelift was founded by 35-year industry veteran and Managing Director Paul Brebner 10 years ago to offer the offshore energy industries safe, reliable and efficient storage and transportation of equipment.
The expansion plans are bolstered by the appointment of Jim Clark of the Craigendarroch Group to Chairman, and Adam Maitland to Non-Executive Director. Maitland is the Managing Director of Hutcheon Mearns IF, and brings his wealth of expertise in the field of corporate finance.
Brebner said Enelift may be a new name in the market, but the experience it brings is "industry renowned".
"Our solutions are underpinned by safety that enables inefficiencies and their associated costs to be eradicated – meaning operational personnel can focus doing what they do best, safely. We remain committed to providing the safest storage and transportation solutions for equipment in the sector as we grow our global operations," he said.
Clark said the market is changing and its solutions fully support customers’ economic and safety aspirations.
"We are very well placed to take full advantage of increasing opportunities in the Middle East, Africa, Far East and Americas. Safety is our absolute commitment to our customers and our support hubs will facilitate this. Aligning our identity to our entire offering ensures that we will drive our expansion through new products and global support sites across the rest of this year."