Rs 100 bn to be invested in 1,000 LNG stations
OIL & GAS

Rs 100 bn to be invested in 1,000 LNG stations

India is preparing to see investments of around Rs 100 billion in three years for the development of infrastructure to use liquefied natural gas (LNG) as fuel for transportation in the long run. Under this objective, 1,000 LNG stations are to be included.

Industry majors launched 50 stations this week as the first step towards this goal. Indian Oil Corporation (IOC) launched 20 stations, while 11 each were launched by Hindustan Petroleum Corporation and Bharat Petroleum Corporation, six by GAIL India, and two by Petronet LNG. In the first phase, most outlets will come up in Gujarat, Andhra Pradesh, Karnataka, Tamil Nadu, Kerala, and Rajasthan. According to India's petroleum minister Dharmendra Pradhan, LNG has the potential to take up at least 10% of a total of 10 million trucks in India. The government is targeting the conversion of heavy vehicles and equipment to LNG in the mining sector as well. When compared to diesel, LNG is 40% cheaper. Therefore 40% decrease in expenses of heavy vehicles makes it a win-win situation. This will have a positive impact on inflation as logistics costs will reduce.

With the launch of 50 retail outlets along the Golden Quadrilateral, India aims to move towards next-generation infrastructure including logistics and transportation. Around 150 such fuel stations are expected to come up during the next year along the Golden Quadrilateral, where the plan is to have LNG stations at every 200 km.

At least 20-25 million metric standard cubic metre per day (MMSCMD) equivalent LNG is expected by the government to come up in India's transportation sector shortly.

LNG imports in India have increased by 18% from 28,740 MMSCM in 2018-19 to 33,837 MMSCM in 2019-20. Owing to the pandemic situation, the cumulative import of 15,881 MMSCM from April to September for the current year witnessed a drop of 3.3% compared to the corresponding period in the previous year. India has six LNG terminals at present, at Kochi, Ennore, Dahej, Hazira, Dabhol and Mundra, with an overall capacity of 42.5 million metric tonnes per annum.

India is preparing to see investments of around Rs 100 billion in three years for the development of infrastructure to use liquefied natural gas (LNG) as fuel for transportation in the long run. Under this objective, 1,000 LNG stations are to be included. Industry majors launched 50 stations this week as the first step towards this goal. Indian Oil Corporation (IOC) launched 20 stations, while 11 each were launched by Hindustan Petroleum Corporation and Bharat Petroleum Corporation, six by GAIL India, and two by Petronet LNG. In the first phase, most outlets will come up in Gujarat, Andhra Pradesh, Karnataka, Tamil Nadu, Kerala, and Rajasthan. According to India's petroleum minister Dharmendra Pradhan, LNG has the potential to take up at least 10% of a total of 10 million trucks in India. The government is targeting the conversion of heavy vehicles and equipment to LNG in the mining sector as well. When compared to diesel, LNG is 40% cheaper. Therefore 40% decrease in expenses of heavy vehicles makes it a win-win situation. This will have a positive impact on inflation as logistics costs will reduce. With the launch of 50 retail outlets along the Golden Quadrilateral, India aims to move towards next-generation infrastructure including logistics and transportation. Around 150 such fuel stations are expected to come up during the next year along the Golden Quadrilateral, where the plan is to have LNG stations at every 200 km. At least 20-25 million metric standard cubic metre per day (MMSCMD) equivalent LNG is expected by the government to come up in India's transportation sector shortly. LNG imports in India have increased by 18% from 28,740 MMSCM in 2018-19 to 33,837 MMSCM in 2019-20. Owing to the pandemic situation, the cumulative import of 15,881 MMSCM from April to September for the current year witnessed a drop of 3.3% compared to the corresponding period in the previous year. India has six LNG terminals at present, at Kochi, Ennore, Dahej, Hazira, Dabhol and Mundra, with an overall capacity of 42.5 million metric tonnes per annum.

Next Story
Technology

Atlas Copco Unveils Innovation Centre in Pune for Smart Manufacturing

Atlas Copco Tools has inaugurated its first Smart Factory Innovation Centre in India, a cutting-edge facility in Pune designed to showcase advanced technologies powering Smart Integrated Assembly ecosystems. The centre will serve as a hub for businesses across automotive, aerospace, electronics, heavy machinery, and manufacturing sectors to explore automation and smart manufacturing solutions for zero-defect production.The Innovation Centre offers hands-on demonstrations of the latest torquing and dispensing technologies, highlighting software-driven solutions that optimize efficiency, enhance..

Next Story
Resources

Elite Elevators Unveils India’s First Fully Customizable Home Elevator

Elite Elevators, a leader in the premium home lift segment, has launched Elite Elevators Bespoke—India’s first fully customizable luxury home elevator. The launch event, held at the company’s Chennai headquarters, showcased how the new offering redefines residential mobility by integrating state-of-the-art technology with personalized design.Speaking on the launch, Vimal Babu, Founder and CEO, Elite Elevators, said, “At Elite Elevators, our mission has always been to revolutionize home mobility with world-class innovations. Through its enhanced customizable features, our Bespoke elevat..

Next Story
Real Estate

Under-Construction Homes Now Costlier Than Ready-to-Move Properties

Under-construction (UC) homes are now more expensive than ready-to-move (RTM) properties across major Indian metros, according to the latest insights from Magicbricks.In Delhi, UC homes are priced at Rs 25,921 per sq. ft., surpassing RTM properties at Rs 18,698 per sq. ft. Similarly, in Gurugram, UC homes cost Rs 17,185 per sq. ft., compared to Rs 14,617 per sq. ft. for RTM properties.Mumbai, India’s costliest real estate market, has also seen a sharp rise, with UC home prices soaring 33.4 per cent Y-o-Y in Q1 2025 to Rs 32,371 per sq. ft., while RTM properties stand at Rs 28,935 per sq. ft...

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?