LNG

June 18 (LNGJ) - The Chief Executive of India’s Petronet LNG, Akshay Kumar Singh, told a conference that the nation needed more regasification and other infrastructure to meet increasing natural gas demand. He noted that Petronet, operator of the largest terminal at Dahej north of Mumbai and the southwest Kochi facility in Kerala, accounted for a good proportion of the existing 42.5 million tonnes per annum of import capacity of the six operating terminals.

   Singh said India needed to increase its LNG import capacity to 155 MTPA, considering that utilization would be 80 percent, to supply the growing market. “LNG will play a major role in catering to this incremental demand and the share of LNG in natural gas consumption is likely to increase from the present 55 percent to 70 percent in the coming 9-10 years,” stated CEO Singh.

DNV GL, the leading European classification society, said liquefied natural gas was set to thrive in a strong gas market on the route to energy transition through 2050.