Gas guzzler might soon have a different meaning in India.
Companies from Royal Dutch Shell Plc to Petronet LNG Ltd. are betting that a super-chilled form of natural gas, and not oil products like diesel, will increasingly be the highway fuel of choice for heavy-duty trucks that drive domestic trade in the world’s fastest growing big economy. They are hoping that lower emissions and cheaper natural gas will lead truckers to buy the more expensive rigs that burn the fuel.
Petronet, which operates a 15 million ton-a-year LNG terminal on India’s west coast, is preparing to invest as much as 15 billion rupees ($231 million) on a network of LNG filling stations on highways to promote the use of the fuel by trucks and buses, Petronet Managing Director Prabhat Singh said in an interview.
Shell plans to build a truck-loading station at its LNG terminal in Hazira in western India that will be used to service fueling stations and small industrial customers, Steve Hill, the company’s executive vice president for gas and energy marketing and trading, told reporters Friday in Singapore. Read More…
Latest posts by Bloomberg Quint (see all)
- Spot Power Prices At Nine-Year High On Coal Shortage, Festival Season Demand - September 19, 2018
- India’s Troubled Rupee Pushes Gas Prices to a Record High - September 18, 2018
- India Says Solar Safeguard Duty Imposed After Court Delays - September 14, 2018