Wedoany.com Report-Jan 9, India’s newest liquefied natural gas terminal has received its first shipment, taking the country a step closer to its goal of doubling the proportion of the fuel in its energy mix by the end of the decade.
Commissioning activities are underway and the cargo will unload completely by Jan. 16, according to two Hindustan Petroleum Corp Ltd. officials who asked not to be named as the information isn’t public.
The terminal, the country’s eighth, is owned by HPCL and is located in Gujarat state on India’s west coast. It was due to be commissioned in April 2024 but was delayed due to technical issues.
New Delhi aims to increase the share of natural gas in its energy mix from 6% now to 15% by 2030, to reduce dependence on dirtier fossil fuels such as oil and coal. While LNG imports rose to the highest level since 2020 last year, demand is often hamstrung by price spikes that make the fuel too expensive for Indian buyers.
