LNG Current Affairs

India receives first LNG consignment from United States

India has received first liquefied natural gas (LNG) cargo comprising 1.2 Lakh tones of the Gas from United States. The cargo has landed at the Dabhol regasification terminal in Maharashtra.

About the India-US LNG Contract

The recent consignment of LNG has been imported from US under a long-term contract of 20 years. This USD 32 Billion contract was signed between India’s GAIL and America’s Dominion Energy Cove Point project in Maryland and Cheniere Energy Inc’s Sabine Pass Project in Louisiana.

India America Trade Relations

With a bilateral trade of around USD 126.1 billion in 2017, currently, United States is among the largest trade partners of India. The trade between two countries has increased at a compound annual growth rate of 11.4% from USD 20 Billion in 2000.

India has been so far importing LNG from Middle East, particularly Qatar. In recent times, USA has increased production of petroleum products and has become one of the largest exporters of petroleum products. The import of LNG contracts is based on premise of diversifying India’s sources for clean energy. The government is promoting a shift towards gas-based economy but the current domestic production and infrastructure don’t suffice.

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India’s first LNG-powered bus rolled out in Kerala

India’s first eco-friendly liquefied natural gas (LNG)-driven bus was launched in Thiruvananthapuram, Kerala.

The first pilot run of the eco-friendly bus was jointly flagged off by Union Petroleum and Natural Gas Minister Dharmendra Pradhan and Kerala Chief Minister Pinarayi Vijayan.

Key Facts

  • The LNG-driven bus was rolled out as part of the Centre’s plans to use LNG. Thus, it opens new chapter in the country’s transport sector which moves towards clean fuel.
  • The project has been a joint effort of Petronet LNG Limited (PLL), Indian Oil Corporation Ltd (IOL) and Tata Motors Ltd.
  • As it is a pilot project, the LNG-driven bus will run on a trial basis and later after certification it will be launched for commercial application.

Benefits of LNG

LNG is considered to be a cleaner and safer fuel which emits 50% less carbon, for mass transportation. It eco-friendly and more economical compared to diesel for public transportation.

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