Boost for bunkering as India approves use of LNG as auto fuel
16 Mar 2017 11:55 GMT
|LNG pumps to be made available at service stations across the country.|
| India has given the green light for liquefied natural gas (LNG) to be used as a transport fuel by the automobile industry in a move that will be seen as a positive sign for the LNG bunkering sector.|
"We have given approval to LNG as an automobile fuel and now its standards would be defined by different Ministries including the Petroleum," India's Road, Transport, Highways and Shipping Minister, Nitin Gadkari, told reporters on Wednesday.
The minister added that LNG pumps would soon be available at service stations across the country.
As previously reported, a plan by India's Ministry of Shipping to bring LNG barges to the country's inland waterways is expected to become operational by the end of 2018. The project is being undertaken by Inland Waterways Authority of India (IWAI) and Petronet LNG.
Petronet LNG is in charge of the design, construction and operation of LNG unloading, storage, bunkering and reloading facilities on the National Waterways (NWs), whilst IWAI is responsible for providing land for LNG storage and jetties to facilitate bunkering.
Established by the government of India to import liquefied natural gas, Petronet LNG's ownership comprises four of the top public sector companies in the country's hydrocarbon sector. Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and GAIL jointly own 50 percent of the equity, while 10 percent is held by GDF Suez and the remaining 40 percent is owned by the public.