Kolkata Port Authority has signed an agreement with East Horizon to develop a floating storage and regasification unit for the Haldia terminal. The project is valued at Rs 260 crore, equivalent to Rs two point six billion (Rs two point six bn), and will involve deployment of a floating storage and regasification unit. The move is intended to expand the port's capacity to handle liquefied natural gas imports. The floating storage and regasification unit will enable the direct offloading of LNG carriers and regasification of cargoes for onward supply to users in the region. The arrangement is expected to reduce logistical constraints associated with land based infrastructure and to provide greater flexibility in scheduling import cargoes. Port and company officials framed the project as part of efforts to enhance energy security and support industrial and commercial consumers. The agreement covers responsibilities for berthing, mooring and connections to the shore based pipeline systems and will set out operational protocols and safety measures. Environmental clearances and technical approvals will be pursued as required under applicable regulations before commissioning. The parties will also address local employment and supply chain opportunities during construction and operation. Stakeholders said the initiative could position Haldia as a strategic energy node in east India and help stabilise gas supplies for power generation and industrial use. The project financing and commercial terms were agreed between Kolkata Port Authority and East Horizon as part of the implementation pact. The port will continue to seek complementary investments to improve handling and storage facilities and to integrate the FSRU with existing terminal operations. Officials indicated that the project will include capacity building for local personnel and training in operational and safety procedures to ensure effective management. Monitoring arrangements will be put in place to ensure compliance with environmental and maritime regulations. The port will report progress to stakeholders as the project advances.