• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Tuesday, January 31, 2023
  • Login
National Age
  • Home
  • India
    • National
    • State News
  • World
  • Education
  • Lifestyle
    • Health & Fitness
    • Fashion
    • Travel
    • Food
  • Business
  • Tech
    • App News
    • Gadgets
  • Entertainment
  • Auto
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • World
  • Education
  • Lifestyle
    • Health & Fitness
    • Fashion
    • Travel
    • Food
  • Business
  • Tech
    • App News
    • Gadgets
  • Entertainment
  • Auto
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
No Result
View All Result
National Age
No Result
View All Result
Home Business

LNG Alliance to invest in India’s Natural Gas market

National Age by National Age
September 7, 2020
in Business
0
Share on FacebookShare on Twitter

The Singapore-based project developer will invest in virtual pipelines, downstream gas market integration, and LNG (Liquified Natural Gas) bunkering. 

SINGAPORE— LNG Alliance Pte Ltd today announced that it is opening a new office in Chennai, India. LNG Alliance Pte Ltd is a leading independent project developer in the natural gas and LNG sector. The team at the Chennai Office will assist the company in forging ahead with the development of India’s virtual gas pipelines, downstream gas market integration, and LNG bunkering possibilities.

LNG Alliance’s introduction to India will be a timely one. India seeks to raise the share of natural gas in its energy mix from its current 6.2% to 15% by 2030 and is currently scouting for affordable gas for price-sensitive customers.<Ministry of Petroleum & Natural Gas, Government of India, Annual Report 2018-2019>

Read ThisAlso

Jivraj9 reimagining the tea tradition through superior quality and innovation

Jivraj9 reimagining the tea tradition through superior quality and innovation

January 31, 2023
How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?

How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?

January 31, 2023

LNG Alliance plans to develop an end-to-end solution for India, using its strategic ownership positions in low-cost LNG supply at around $4/mmBtu on a long-term basis to meet India’s LNG demand. 

“We are now in a position to deliver LNG thru virtual pipelines, which can be a reliable source for City Gas Distribution (CGD), for industrial users and LNG/CNG based fuel stations. For the first time in the energy history of India, we can replace coal with natural gas for power generation. Natural Gas is more environmentally friendly and provides us cleaner energywith an incredibly competitive pricing point,” said Ms. Cheryl Goh, LNG Alliance’s Executive Director. “The regasified LNG, tied together with last-mile gas pipeline or virtual pipeline connectivity, could revive more than 10 GW of idle gas-basedpower plants in India.”

The Indian gas market is projected to be the fastest growing in the world over the next two decades. <U.S. Energy Information Administration’s International Energy Outlook 2019> LNG Alliance is working with gas companies in India to build a robust virtual pipeline network to ensure that downstream gas supply remains resilient and undisrupted, allowing it to meet increased energy demand from industries and citizens. 

The implementation of a flexible virtual pipeline network will serve as a temporary transportation solution while India’s physical gas pipeline infrastructure is developed. This also becomes a long-term option in areas where physical natural gas pipelines are not viable.

With the overarching goal of bringing affordable and reliable gas supply to India, LNG Alliance is also working with potential third-party usage of existing terminals to maximize their utilization. LNG Alliance is also setting up two LNG bunkering hubs – one on the East Coast and one on the West. At the same time, LNG Alliance has lined up potential investors who have expressed interest in India’s virtual pipeline infrastructure.

“With these developments, we aim to create price transparency within the gas market on an open platform and discover an effective mechanism to accelerate the growth of City Gas Distribution,” said Dr. Muthu Chezhian, the CEO of LNG Alliance. “There is vast potential for the gas and energy market in India to grow exponentially. LNG as a greener and economic automotive fuel for Medium and Heavy Commercial Vehicles reduces fuel cost by about 25% and can reduce the national dependence of imported oil by 30%.”

LNG Alliance to invest in India's Natural Gas market
LNG Alliance to invest in India’s Natural Gas market

“We are also in talks about a potential investment in an East Coast LNG terminal in India. We are working closely with our local partners in India, for establishing LNG fuel stations. This enables us to achieve common goals and co-create success for our regional customers by adapting a professional value creation approach and bringing affordable LNG to the communities in need,” Dr. Chezhian said. 

LNG Alliance is setting up an office base in Chennai for managing South India’s LNG/gas downstream aggregation and virtual pipelines venture. As the next stage of expansion, the company is also looking into a new project office in Chattogram, Bangladesh, aligned with its plan for developing an onshore LNG terminal.

About LNG Alliance: LNG Allianceis headquartered in Singapore with subsidiary offices and affiliated entities in the USA, Mexico, and Indonesia, and has experience in LNG Asset Investments, LNG Import and Regasification Terminals, LNG Bunkering (LNG as fuel for ships) and LNG Distribution/Retail Markets. As a niche market player, LNG Alliance – backed by two major Asian national energy companies – is leading the development of a modern LNG liquefaction facility on Mexico’s west coast and launching North America’s first Waha Hub-based LNG export terminal. By using the ultra-low-cost Permian gas, which is at least a dollar cheaper than the Henry Hub, this terminal will produce the most competitively priced LNG from the region. The shipping cost to India and Bangladesh is reduced by 42%, due to shorter shipping distance and bypassing the Panama Canal fee. The resulting pricing point on a long-term basis, make it a clear contender for replacing coal.

On the LNG import terminal segment, LNG Alliance’s Executive and Operations team have decades of combined experience from LNG terminal developments and operations gained from multiple projects in the Americas, Middle East, and Asia, and have ongoing projects in Mexico, the Caribbean, Indonesia, and Latin America. www.lngalliance.com 

National Age

See author's posts

Share6Tweet4Share1SendShareSend
Previous Post

KCS Partners with Leading Conversational AI-based Multilingual Bot Provider BotSupply to Create the CX for the Future

Next Post

Leading Natural Supplements Company ‘PRORGANIQ’ Launches New Product ‘24-In-1 Mega Superfoods’

National Age

National Age

Related Posts

Jivraj9 reimagining the tea tradition through superior quality and innovation
Business

Jivraj9 reimagining the tea tradition through superior quality and innovation

January 31, 2023
How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?
Business

How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?

January 31, 2023
Shivam Walia handling multiple businesses ranging from Advisory Services to Real Estate Hospitality & Technology
Business

Shivam Walia, handling multiple businesses ranging from Advisory Services to Real Estate, Hospitality & Technology

January 30, 2023
"Good marketing makes the company look smart. Great marketing makes the customer feel smart."
Business

“Good marketing makes the company look smart. Great marketing makes the customer feel smart.”

January 30, 2023
Success Story of an Indian SEO Expert Lokesh Magarde
Business

Success Story of an Indian SEO Expert Lokesh Magarde

January 27, 2023
Raamdeo Agarwal and Dheeraj Gupta promote the power of franchising
Business

Raamdeo Agarwal and Dheeraj Gupta promote the power of franchising

January 27, 2023
Next Post

Leading Natural Supplements Company ‘PRORGANIQ’ Launches New Product ‘24-In-1 Mega Superfoods’

Japan's tech start-ups bitgrit and Atrae rolls out professional 'matching' app in India offering jobs in India

Film Federation of India (FFI) introduces ‘Search for Stars’ - an online platform for budding actors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

May 26, 2022
Now our E-store India has become an international company

Now our E-store India has become an international company

November 1, 2022
Rotary announces: 20th Global Poster Painting Competition

Rotary announces: 20th Global Poster Painting Competition

June 8, 2022
Influencerquipo presents Most Confident plus Size Influencer of the year- Jaanvi

Influencerquipo presents Most Confident plus Size Influencer of the year- Jaanvi

August 11, 2021
Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

14
MPF Investments are mainly aimed at companies in the Indian Market

MPF Investments are mainly aimed at companies in the Indian Market

4

TECNO launches SPARK Power 2 Air: The new Power Play Entertainment device

2

PrivateCourt is all set to revolutionize the concept of Online Dispute Resolution

1
Jivraj9 reimagining the tea tradition through superior quality and innovation

Jivraj9 reimagining the tea tradition through superior quality and innovation

January 31, 2023
Rahil Khan Empowers Women with Self-Cupping Kit Launch at National Championship Praised by Nikat Zareen

Rahil Khan Empowers Women with Self-Cupping Kit Launch at National Championship, Praised by Nikat Zareen

January 31, 2023
How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?

How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?

January 31, 2023
Shivam Walia handling multiple businesses ranging from Advisory Services to Real Estate Hospitality & Technology

Shivam Walia, handling multiple businesses ranging from Advisory Services to Real Estate, Hospitality & Technology

January 30, 2023

Recent News

Jivraj9 reimagining the tea tradition through superior quality and innovation

Jivraj9 reimagining the tea tradition through superior quality and innovation

January 31, 2023
Rahil Khan Empowers Women with Self-Cupping Kit Launch at National Championship Praised by Nikat Zareen

Rahil Khan Empowers Women with Self-Cupping Kit Launch at National Championship, Praised by Nikat Zareen

January 31, 2023
How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?

How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?

January 31, 2023
Shivam Walia handling multiple businesses ranging from Advisory Services to Real Estate Hospitality & Technology

Shivam Walia, handling multiple businesses ranging from Advisory Services to Real Estate, Hospitality & Technology

January 30, 2023

www.nationalage.com, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

If you have any query regarding Site, Advertisement, and any other issue, please feel free to contact at [email protected]

Follow Us

Browse by Category

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World
Jivraj9 reimagining the tea tradition through superior quality and innovation

Jivraj9 reimagining the tea tradition through superior quality and innovation

January 31, 2023
Rahil Khan Empowers Women with Self-Cupping Kit Launch at National Championship Praised by Nikat Zareen

Rahil Khan Empowers Women with Self-Cupping Kit Launch at National Championship, Praised by Nikat Zareen

January 31, 2023
How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?

How to attend the Global Startup Summit, 2023 on 4th February in Mumbai?

January 31, 2023
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

Copyright © 2021 National Age

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

Copyright © 2021 National Age

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In