India’s Petronet LNG is looking to create a market for up to 1.5 million tons of liquefied natural gas per year distributed to remote areas in trucks in the next three years.
Company’s managing director, Prabhat Singh told The Financial Express that trucks could load at any terminal, however, the company is looking primarily to up the utilization of its 5 mtpa Kochi terminal that has been operating at 5 percent capacity due to a lack of connection to the gas transportation grid.
He added that Petronet LNG is looking to promote the use of LNG as fuel in transport and small-scale industry over the next three years.
India’s LNG demand could double just by replacing one liquid fuel, such as diesel, Singh said.
The company is currently looking to buy about 100 trucks to outsource to fleet owners operating for Petronet LNG, and has already engaged in talks to regulators to fast track the procedure.
Singh added that for one million tons of LNG, around 30,000 trucks would have to be introduced to Indian roads.
In the future, the service would be introduced on other major transport routes in the country.
LNG World News Staff