H-Energy
H-Energy is an Indian LNG and natural gas infrastructure company that operates FSRU-based regasification terminals (Jaigarh, Kakinada, Kukrahati), pipeline networks connecting to the National Gas Grid, LNG trading, and the Indi multi-fuel retail brand, serving power, fertilizer, petrochemical, refinery, CGD, and industrial customers across India.
- Company typePrivate
- Founded2009
- HeadquartersMumbai, India
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What H-Energy does
H-Energy Pvt. Ltd. is a privately held Indian energy infrastructure company founded in 2009 and headquartered in Mumbai, focused on LNG import, regasification, natural gas transmission, and downstream gas distribution across India. The company's flagship asset is the Jaigarh LNG Terminal in Maharashtra, India's first FSRU-based LNG regasification facility, which entered commercial operations in March 2022 and offers 6 MMTPA of regasification capacity expandable to 8 MMTPA. The terminal uses the 170,000 m³ Höegh Giant FSRU under a 10-year charter with Höegh LNG and employs open-loop seawater heating for regasification, enabling year-round all-weather operations. H-Energy complements Jaigarh with two additional terminals under development, the FSU-based Kakinada LNG Terminal in Andhra Pradesh (4 MMTPA) and the land-based Kukrahati LNG Terminal in West Bengal (3 MMTPA, expandable to 5 MMTPA), supported by two PNGRB-authorized pipeline systems (56 km Jaigarh-Dabhol with 29 MMSCMD capacity, and 250 km Kanai Chhata-Shrirampur with 19.20 MMSCMD capacity) that tie into India's National Gas Grid.
The company's business model is anchored in long-term enterprise contracts for LNG regasification services and pipeline gas transmission, typically structured as ship-or-pay or take-or-pay arrangements with industrial customers in the power, fertilizer, petrochemical, refinery, city gas distribution (CGD), and broader manufacturing sectors. Revenue streams include usage-based regasification tariffs on LNG throughput, pipeline transmission fees, LNG sales via road tanker to off-pipeline industrial customers, and transaction-based sales at the Indi multi-fuel retail network (LNG, L-CNG, petrol, diesel, EV charging). LNG procurement is managed through the wholly-owned subsidiary HEMD Energy Trading and Shipping Mideast DMCC (HETS), sourcing supply from the Middle East, Malaysia, Australia, the USA, and Russia under a cooperation agreement with NOVATEK. H-Energy serves customers through a direct enterprise field sales motion, supported by Mumbai (headquarters), Delhi, and Dubai offices, with up to US$2.0 billion in committed infrastructure investment across the asset base. The company also holds regulatory authorizations (PNGRB pipeline approvals, EC and CRZ clearances) that constitute material first-mover barriers in India's coastal LNG import sector.
H-Energy firmographics
Firmographics- Name
- H-Energy
- Legal name
- H-Energy Pvt. Ltd.
- Website
- https://henergy.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- H-Energy is an Indian LNG and natural gas infrastructure company that operates FSRU-based regasification terminals (Jaigarh, Kakinada, Kukrahati), pipeline networks connecting to the National Gas Grid, LNG trading, and the Indi multi-fuel retail brand, serving power, fertilizer, petrochemical, refinery, CGD, and industrial customers across India.
- Ownership category
- akta.pro rank
H-Energy industry classification
Industry- Product category
- LNG Regasification & Natural Gas Infrastructure
- NAICS
- Pipeline Transportation of Natural Gas (486210), Natural Gas Distribution (2212)
- SIC
- Natural Gas Transmisison & Distribution (4923), Wholesale-Petroleum Bulk Stations & Terminals (5171)
- akta.pro primary industry
- LNG Operations, Maintenance & Reliability (O&M, Integrity, Turnarounds) (EUALAFAJ)
- akta.pro secondary industries
- LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting) (EUALAFAI), LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG) (EUALAFAD), Operations, Scheduling & Post-Trade for LNG (Nomination, Settlement, Claims) (EUAGAHAK)
Keywords
Where H-Energy is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
H-Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- LNG Regasification Services: H-Energy earns revenue by providing LNG regasification services at its Jaigarh FSRU terminal, converting imported LNG into natural gas for delivery into the National Gas Grid. This is the primary revenue driver, based on throughput volumes and long-term terminal use agreements with ship-or-pay provisions.
- Gas Pipeline Transmission & Distribution: Revenue is generated through the operation of natural gas pipelines that connect H-Energy's LNG terminals to the National Gas Grid and end-use customers, charging transmission fees based on volume transported.
- LNG Truck Sales (Indi Brand Retail Network): H-Energy sells LNG via road tanker trucks through its Indi-branded multi-fuel retail network, reaching customers in regions not connected to the pipeline grid. Revenue is generated from LNG volume sold at retail and industrial points.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Multi-year contract | Enterprise Long-Term Terminal Use Agreements |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
H-Energy product offering
Product offeringCore offering
H-Energy operates an integrated LNG and natural gas infrastructure business in India, running LNG re-gasification terminals (Jaigarh FSRU, Kakinada FSU-based, Kukrahati land-based) and cross-state pipeline systems (Jaigarh-Dabhol and Kanai Chhata-Shrirampur) that connect into the National Gas Grid. It sells regasified LNG via pipeline and LNG via road tankers, and operates the Indi-branded multi-fuel retail network, with LNG procurement and shipping handled through its HEMD Energy Trading entity.
Product overview
H-Energy operates as an integrated LNG and natural gas infrastructure company with a portfolio of three distinct LNG terminals, two pipeline systems, and diversified gas supply and retail offerings. The core infrastructure consists of the Jaigarh LNG Terminal (India's first FSRU-based terminal in Maharashtra), the Kakinada LNG Terminal (FSU-based on the East coast), and the Kukrahati LNG Terminal (land-based facility in West Bengal). These terminals are supported by the Kanai Chhata-Shrirampur Pipeline (250 km) and Jaigarh-Dabhol Pipeline (56 km) connecting to the National Gas Grid. The company complements its infrastructure with LNG Trading & Shipping services (via HEMD Energy Trading), Gas Supply by Pipeline with multiple pricing linkages, LNG Fuel Retail under the 'Indi' brand, and LNG Supply by Road services.
Differentiator
Problem solved
Functional benefit
Brands
- Indi: Retail mall brand operated by H-Energy
Products and services
- Jaigarh LNG Terminal India's first FSRU-based LNG regasification terminal located at Jaigarh Port, Maharashtra, with a Phase I capacity of 6 MMTPA (expandable to 8 MMTPA in Phase II). Operates via the chartered Höegh Giant FSRU using open-loop seawater regasification and connects into the National Gas Grid through the 56-km Jaigarh-Dabhol Pipeline.
- Kakinada LNG Terminal FSU-based LNG re-gasification project located in Kakinada, Andhra Pradesh, on India's East coast, with onshore vaporizer capacity of 4 MMTPA. Operated under a Port Service Agreement with Kakinada Seaports Limited (KSPL) for marine and cargo handling.
- Kukrahati LNG Terminal Land-based LNG facility in West Bengal with initial capacity of 3 MMTPA (expandable to 5 MMTPA), featuring 180,000 m³ storage tanks and two dedicated LNG jetties for receiving and re-gasifying LNG on India's Eastern coast.
- Jaigarh-Dabhol Pipeline 56-km PNGRB-authorized tie-in pipeline connecting the Jaigarh LNG Terminal to Dabhol with a system capacity of 29 MMSCMD, including common carrier capacity, enabling regasified LNG transport to the National Gas Grid.
- Kanai Chhata-Shrirampur Pipeline 250-km PNGRB-authorized natural gas pipeline from Kanai Chhata (East Medinipur District) to Shrirampur (Nadia District) in West Bengal near the Bangladesh border, with system capacity of 19.20 MMSCMD including 4.80 MMSCMD reserved for common carrier use.
- LNG Trading & Shipping Global LNG procurement and shipping operations handled through wholly-owned subsidiary HEMD Energy Trading and Shipping Mideast DMCC (HETS), sourcing LNG from the Middle East, Malaysia, Australia, USA and Russia to feed H-Energy's Indian regasification terminals.
- Gas Supply by Pipeline Natural gas supply services to industrial, power, fertilizer, petrochemical, refinery and CGD customers via the National Gas Grid, with multiple pricing linkages including Brent Crude, Henry Hub, JKM, WIM, TTF, Ammonia-linked and Coal-linked, available in both ex-terminal and delivered arrangements.
- LNG Supply by Road Tanker delivery services through cryogenic road transport to CGD companies and industrial customers located outside the pipeline network, with LCNG station solutions available on a build-own-operate basis.
- Indi Multi-Fuel Retail Network Multi-fuel retail network operating under the 'Indi' brand offering LNG, L-CNG, Petrol, Diesel, EV charging and food court services at retail outlets, including fleet conversion support for commercial customers.
Companies that use H-Energy
Customer profileSegments6 records
Ideal customer profiles5 records
H-Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
H-Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Höegh LNGcoreH-Energy has a long-term FSRU charter contract with Höegh LNG for the Höegh Giant floating storage and regasification unit, chartered for a period of 10 years. The Höegh Giant is deployed at H-Energy's Jaigarh LNG terminal in Maharashtra, India, providing LNG receiving, storage, and regasification services. This partnership is central to H-Energy's core business model of operating India's first FSRU-based LNG terminal.
- Kakinada Seaports Limited (KSPL)coreH-Energy entered into a Port Service Agreement with Kakinada Seaports Limited (KSPL) for LNG import operations at Kakinada on India's Eastern Coast. KSPL provides port and marine services supporting LNG vessel arrivals, berthing, and cargo handling at the Kakinada Deep Water Port. This partnership enables H-Energy's Eastern India LNG terminal operations, expanding its geographic footprint beyond the Jaigarh facility.
- NOVATEKcoreH-Energy signed an LNG Cooperation Agreement with NOVATEK, Russia's largest independent natural gas producer, on September 4, 2019. The agreement covers potential LNG supply arrangements from NOVATEK's portfolio, including Yamal LNG and Arctic LNG projects, to H-Energy's Indian terminals. This partnership secures a long-term LNG sourcing relationship, providing supply diversification for H-Energy's regasification terminals.
- JSW Jaigarh PortcoreH-Energy has a Port Service Agreement and Sub-Concession Agreement with JSW Jaigarh Port (part of the JSW Group) for operations at the Jaigarh Port in Maharashtra, India. JSW Jaigarh Port provides the marine infrastructure — berth, approach channel, and港湾 facilities — while H-Energy operates its FSRU and associated LNG handling equipment under the sub-concession. This is the foundational infrastructure partnership for H-Energy's flagship Jaigarh terminal.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
H-Energy competitors and assessment
Company assessmentDirect peers
- Golar LNG: Owner/operator of FSRU vessels and floating LNG infrastructure, with a long history of FSRU-based regasification projects; comparable to H-Energy's core floating regasification operations and long-term chartering approach.
- Petronet LNG: India's largest LNG import terminal operator, running the Dahej and Kochi terminals with comparable regasification capacity, long-term shipping agreements, and pipeline connectivity to the National Gas Grid — making it the closest India-based analogue to H-Energy's Jaigarh, Kakinada and Kukrahati portfolio.
- Höegh LNG: Provider and operator of FSRU vessels and the long-term charterer of the Höegh Giant to H-Energy. It owns/operates FSRUs under similar long-term charter structures to H-Energy's core terminal business model.
- Excelerate Energy: Specialist FSRU-based LNG import terminal developer and operator, with a global fleet comparable to the Höegh Giant model H-Energy deploys at Jaigarh; directly comparable in regas technology and ship-or-pay commercial structures.
- BW LNG: FSRU and LNG carrier owner/charterer with active FSRU deployments globally; competes in the same floating regasification vessel space that underpins H-Energy's Jaigarh terminal.
- Indian Oil LNG (Ennore): Subsidiary of Indian Oil that operates the Ennore LNG terminal on India's east coast, offering a directly comparable land-based regasification facility serving industrial and CGD customers.
- Shell (Hazira LNG, India): Operates the Hazira LNG import terminal in Gujarat under a long-term offtake model; a pioneer India LNG importer comparable to H-Energy in regasification capacity, pipeline tie-in, and industrial customer base.
Regional players
- Gujarat Gas Limited: One of India's largest CGD companies, anchored in Gujarat, a region adjacent to H-Energy's western India terminals; represents the downstream customer base and a regional gas-distribution comparator.
- Indraprastha Gas Limited: Major Indian CGD company supplying CNG and piped natural gas to Delhi NCR; comparable to the demand-side of H-Energy's pipeline gas business (Indraprastha is a customer segment for H-Energy supply rather than a direct terminal peer).
Broad incumbents
- Gail (India): India's largest state-owned natural gas major with cross-country pipeline transmission and LNG sourcing activity; a broader incumbent that overlaps with H-Energy in pipeline transmission and gas marketing but operates at much greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
H-Energy social profiles
Digital presenceH-Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
H-Energy leadership team
Management profileNumber of profiles
Profiles7 records
H-Energy subsidiaries and ownership
Company hierarchySubsidiaries7 records
H-Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
H-Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about H-Energy
What does H-Energy do?
H-Energy operates an integrated LNG and natural gas infrastructure business in India, running LNG re-gasification terminals (Jaigarh FSRU, Kakinada FSU-based, Kukrahati land-based) and cross-state pipeline systems (Jaigarh-Dabhol and Kanai Chhata-Shrirampur) that connect into the National Gas Grid. It sells regasified LNG via pipeline and LNG via road tankers, and operates the Indi-branded multi-fuel retail network, with LNG procurement and shipping handled through its HEMD Energy Trading entity.
Is H-Energy a public or private company?
H-Energy is a private company. It is classified as unknown and is currently operating.
When was H-Energy founded?
H-Energy was founded in 2009. It employs 501 to 1,000 people.
Where is H-Energy based?
H-Energy is headquartered in Mumbai, India, in the Asia region.
How does H-Energy make money?
Three revenue lines are on record. LNG Regasification Services are the primary driver. The others are gas Pipeline Transmission & Distribution and LNG Truck Sales (Indi Brand Retail Network).
Who are H-Energy's main competitors?
Direct peers on record are Golar LNG, Petronet LNG, Höegh LNG, Excelerate Energy, BW LNG, Indian Oil LNG (Ennore) and Shell (Hazira LNG, India). Regional players are Gujarat Gas Limited and Indraprastha Gas Limited. Gail (India) is listed as a broad incumbent.
Does H-Energy have an API?
No public API is recorded for H-Energy.
What industry is H-Energy in?
H-Energy's product category is LNG Regasification & Natural Gas Infrastructure. Its primary akta.pro industry code is EUALAFAJ, LNG Operations, Maintenance & Reliability (O&M, Integrity, Turnarounds), with a secondary code of EUALAFAI, LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting). Its NAICS code is 486210 and its SIC code is 4923.