HPCL Seeks LNG Deals, Terminal Launch
ECONOMY & POLICY

HPCL Seeks LNG Deals, Terminal Launch

Hindustan Petroleum Corporation Limited (HPCL) is actively seeking liquefied natural gas (LNG) deals as part of its strategy to enhance its energy portfolio. The company is also working towards launching its LNG terminal by December 2024, marking a significant milestone in its expansion into the LNG sector.

The upcoming LNG terminal is expected to bolster HPCL's ability to import and process LNG, aligning with its goal to secure reliable and cost-effective energy sources. This initiative is part of HPCL's broader strategy to diversify its energy offerings and meet the growing demand for cleaner fuels in the Indian market.

HPCL's focus on LNG is driven by the increasing importance of natural gas as a transition fuel in the move towards cleaner energy. The terminal's launch will enable the company to better serve the domestic market, support energy security, and contribute to India's goals of reducing carbon emissions.

The company?s efforts in securing LNG deals and developing infrastructure reflect its commitment to expanding its operational capabilities and enhancing its competitive edge in the energy sector.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Hindustan Petroleum Corporation Limited (HPCL) is actively seeking liquefied natural gas (LNG) deals as part of its strategy to enhance its energy portfolio. The company is also working towards launching its LNG terminal by December 2024, marking a significant milestone in its expansion into the LNG sector. The upcoming LNG terminal is expected to bolster HPCL's ability to import and process LNG, aligning with its goal to secure reliable and cost-effective energy sources. This initiative is part of HPCL's broader strategy to diversify its energy offerings and meet the growing demand for cleaner fuels in the Indian market. HPCL's focus on LNG is driven by the increasing importance of natural gas as a transition fuel in the move towards cleaner energy. The terminal's launch will enable the company to better serve the domestic market, support energy security, and contribute to India's goals of reducing carbon emissions. The company?s efforts in securing LNG deals and developing infrastructure reflect its commitment to expanding its operational capabilities and enhancing its competitive edge in the energy sector.

Next Story
Infrastructure Energy

Gujarat Powers Ahead with Solar Energy

Gujarat is emerging as a leader in India’s solar energy sector, with an installed capacity of 14.7 GW, making it the second-highest solar capacity state in the country. The state's total renewable energy capacity stands at 27.8 GW, and ambitious plans aim to add 31.9 GW of solar-wind hybrid projects. These details were shared by Arun Mahesh Babu, Managing Director of Uttar Gujarat Vij Company Limited (UGVCL) and Gujarat Power Corporation Limited (GPCL). Babu highlighted Gujarat’s solar and wind energy projects, which are instrumental in helping India meet its national target of 500 GW of ..

Next Story
Infrastructure Energy

UK Shuts Last Coal Plant as India Maintains Coal in Energy Mix

As the UK officially closed its last coal power plant signaling its exit from coal-based energy, policy experts in India emphasized that coal will remain part of India's energy mix for the foreseeable future. While developed nations like the UK are moving towards coal-free energy systems by 2040, India faces unique challenges as a developing country with substantial energy demands. The UK's closure of its last coal plant marks a significant moment in energy history, as the country had been one of the pioneers of coal power since 1882. According to global energy think tank Ember, more than a th..

Next Story
Infrastructure Urban

NCLAT Clears Supertech to Resume Work on Doon Square in Dehradun

The National Company Law Appellate Tribunal (NCLAT) has granted approval for Supertech to resume construction of its Doon Square project in Dehradun. This decision follows the submission by Supertech that the lender, co-developer, and homebuyers had all accepted its proposal to complete the stalled project. The approval paves the way for the project’s completion within 515 days, or just over one year and four months. Out of the 750 planned units, only 150 studio apartments have been delivered, with the remaining awaiting completion. Supertech’s proposal, submitted to NCLAT, was accepted by..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000