- India’s newest LNG terminal, owned by HPCL, has received its first shipment, marking progress toward its 2030 energy goals.
- The terminal in Gujarat was delayed due to technical issues but is now in the commissioning stages.
- India aims to increase the share of natural gas in its energy mix from 6% to 15% by 2030 to reduce reliance on coal and oil.
India’s energy landscape is evolving with a push to adopt cleaner fuels like liquefied natural gas (LNG). The country’s latest LNG terminal, owned by Hindustan Petroleum Corp Ltd. (HPCL), has welcomed its first shipment, signaling a significant step toward achieving New Delhi’s ambitious energy goals, reports Bloomberg.
First Shipment at New LNG Terminal
The newly built LNG terminal in Gujarat has begun commissioning operations with its inaugural shipment.
This terminal, the country’s eighth, reflects India’s commitment to integrating cleaner energy solutions into its framework. The shipment is expected to be fully unloaded by January 16.
Delayed Commissioning
Although initially scheduled for commissioning in April 2024, the project faced delays due to technical challenges.
However, the terminal’s readiness highlights the resilience of HPCL and the Indian energy sector in addressing infrastructure hurdles.
India’s LNG Goals
India is actively working to shift its energy dependence from dirtier fuels like coal and oil to natural gas, aiming to boost the share of LNG in its energy mix from 6% to 15% by 2030.
This transition aligns with global climate initiatives while supporting domestic energy security.
Challenges of LNG Demand in India
While LNG imports have risen to the highest level since 2020, affordability remains a concern.
Price volatility has often made the fuel too expensive for Indian buyers, posing a challenge to meeting the country’s long-term energy targets.
Significance of the Terminal
The commissioning of this terminal underscores India’s commitment to bolstering infrastructure for cleaner energy.
It is essential for sustainable growth and environmental preservation.
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Source: Bloomberg L.P
