Mining Lease in Tiger Reserve to Oil India Deferred in Arunachal
A central committee has deferred a petroleum mining lease in Arunachal Pradesh to Oil India Limited and has sought clarity from the state government relating to compliance of forest protection laws. The Forest Advisory Committee (FAC) of the Ministry of Environment, Forest and Climate change (MoEFCC) held a meeting on November 10 – the minutes of which were released recently- to discuss the prospect of granting a petroleum mining lease in favour of the chief engineer, Oil India Limited, Duliajan in Ningru extension block at Changlang district. The state government had sought the Centre’s permission to provide the lease which would cover over 540 square km of forest land. The proposal had sought the lease without inviting any physical diversion of forest land. However, the FAC noted in the November 10 meeting that the compliance of Scheduled Tribe and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 was not given. As per the minutes of the November 10 meeting, the proposal was also discussed almost a decade back on 9 August 2007. Back then the FAC had advised the project proponent to consult the principal secretary (forests) and the PCCF, as well as the nodal officer of the state government and to bifurcate the proposal according to the requirement of forest land and to submit separate proposals, one for exploration and another for diversion of forest land for oil well drilling and infrastructure facilities. The committee had also earlier noted that a site inspection report conducted by the regional office of the MoEFCC did not show the reserve forests of Tengapani, Diyun, Honkap, Namgoi and Rima in the Survey of India Toposheet that was submitted. It said that compartment numbers were either depicted in this map with GPS-Coordinate authenticated by the Divisional Forest Officer, which “clearly reflected that proper site identification by the field officers as per the Approved Working Plan of Namsai and Nampong has not been carried out” and that the “entire exercise of survey, demarcation and to determine the forest land illegally occupied by the people” needs to conducted again. In its recommendations, the FAC has sought the comments of the National Tiger Conservation Authority before moving ahead on the proposal. It said that the “proposed area for petroleum mining lease appears to be in Namdapha Tiger reserve”. The Namdapha reserve is the largest protected area in the Eastern Himalaya biodiversity hotspot and is the only park in India to have four big cat species, like leopard, tiger, clouded leopard and snow leopard. The committee has also sought comments from the state government on the site inspection report on the regional office of the MoEF&CC. It also said that the state government shall submit complete compliance on Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 in accordance with Ministry’s guidelines. Earl Thomas III Authentic Jersey
Petroleum M Petronet LNG receives new LNG carrier
A consortium comprising Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines Ltd (MOL), Kawasaki Kisen Kaisha Ltd (‘K’ Line), and the Shipping Corp. of India Ltd (SCI) recently took delivery of a new LNG carrier in South Korea. The PRACHI LNG carrier, which was built to order by Hyundai Heavy Industries Co. Ltd (HHI), has a capacity of 173 000 m3. It is based on a long-term time charter contract with Petronet LNG Ltd. A naming ceremony for the LNG carrier was held on 18 October 2016. SCI has been operating and managing all of the LNG carriers that are under long-term charter with Petronet LNG, and has taken over management of PRACHI since its delivery. The new LNG carrier is expected to contribute to the steady supply of LNG to India as energy demand continues to grow. Andrew Ference Womens Jersey
IOC, BPCL, HPCL sign deal to set up India’s biggest oil refinery
Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corp today signed a pact to build India’s biggest oil refinery at a cost of $30 billion on the west coast. The three firms signed the pact for the 60-million tons a year refinery in Maharashtra with IOC as leader of the consortium, officials said. IOC will hold a 50 per cent stake in the project while BPCL and HPCL will have 25 per cent each. The consortium agreement was signed on the sidelines of the Petrotech conference here. Oil Minister Dharmendra Pradhan said oil majors like Saudi Aramco of Saudi Arabia are interested in taking a stake in the project, but nothing has been finalised as yet. “There are other companies also interested. Let’s see how talks progress,” he said. The 60-million tons a year refinery and a mega petrochemical complex will be set up in two phases. Phase-1 capacity will be 40 mt together with an aromatic complex, naphtha cracker unit and a polymer complex. This will cost Rs 1200-1500 billion and will come up in 5-6 years from the date of land acquisition. The mega complex will require 12,000-15,000 acres and two-three sites on coast of Maharashtra are being explored. The second phase, involving a 20-mt refinery, will cost Rs 500-600 billion. IOC has been looking at the west coast for a refinery as the company found it tough to cater to requirements in West and South with its refineries mostly in the North. HPCL and BPCL too have been looking at a bigger refinery because of constraints they face at their Mumbai units. The mega west coast refinery will produce petrol, diesel, LPG, ATF and feedstock for petrochemical plants in plastic, chemical and textile industries in Maharashtra. Fifteen-million tons a year is the biggest refinery any public sector unit has set up at one stage. IOC recently started its 15 mt unit at Paradip in Odisha. Reliance Industries holds the distinction of building the biggest refinery in India till now. It built its first refinery at Jamnagar in Gujarat with a capacity of 27 mt, which was subsequently expanded to 33 mt. It has built another unit adjacent to it for exports, with a capacity of 29 mt. The refinery being planned by the state-owned firms will be bigger than that. The phase-1 itself will be bigger than any one single unit. India has a refining capacity of 232.06 mt, which exceeded the demand of 183.5 mt in 2015-16. According to the International Energy Agency (EA), this demand is expected to reach 458 mt by 2040. Charles Mann Jersey
India pushes Nigeria for more oil term contract volumes
Indian state-run oil refiners have called for Nigeria to increase its total term contract volumes next year by more than 20% as demand from the South Asian country climbs, an official from Nigeria’s state-owned Nigerian National Petroleum Corporation said. This request comes a few weeks before Nigeria’s crude oil term lifting contracts for 2017 are finalized, which will be decided by mid-December. India as the largest buyer of Nigerian crude, has always said it should have a longer-term arrangement with NNPC to ensure security of supply. “Three Indian companies mentioned that they are looking for a combined total of 11 million mt [in 2017] from 9 million mt [this year],” Anibor O. Kragha, group executive director at NNPC, told S&P Global Platts in an interview on the sidelines of the Petrotech conference in New Delhi late Monday. Now what they will get is a balance between term contracts and [spot] sales contracts,” he added. The Nigerian crude oil term contracts involve the export of around 1.17 million b/d of Nigerian crude, out of the 2.2 million b/d the country can theoretically produce. They are then sold by contract holders to end-users, refiners and other buyers. But with Nigerian oil output sharply down due to renewed militancy, the term volumes could be much lower for 2017 if output does not rebound. Nigerian oil output had recovered sharply after it fell to a 30-year low in early summer but renewed attacks on oil infrastructure in the Niger Delta have shut in production of popular export grade Forcados in the past month. Total oil and condensate production was around 1.9 million b/d, including 300,000 b/d of condensates, oil minister Emmanuel Kachikwu said last week. He said output could reach 2.2 million b/d if the militancy issues were resolved by early next year. NEGOTIATIONS ONGOING Kragha said that negotiations are ongoing and that he was not sure if the deal would materialize, but he added that once Nigerian output recovers, it will “increasingly look towards India” as the major buyer of its crude. “Indian demand is very positive for us. A vibrant Indian economy is good for us,” he said. The two countries have been working on a memorandum of understanding in the past month to enable the participation of Indian companies in Nigeria’s upstream and downstream oil and gas sectors. The deal being negotiated by Nigeria will also have the Indian government make an upfront payment for the purchase of Nigeria’s crude on a long-term basis as well as Indian public sector companies investing in Nigerian refineries. Indian state-owned refiners tend to buy most of their crude on term contracts while their remaining requirements are sought via tenders. “We just came out of a meeting with key Indian oil companies and they are pushing to get incremental allocations for the term contracts,” said Kragha. “We explained to them that there needs to be a balance.” INDIA’S RELIANCE ON NIGERIAN CRUDE India is a significant buyer of Nigerian crude, which is largely light and sweet, rich in gasoline and diesel and low in sulfur, and meets the needs of Indian refiners. State-owned refiners like Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd are major regular buyers of Nigerian crudes like Qua Iboe, Bonny Light, Escravos, EA Blend, Erha, Usan and Agbami. A source from an Indian refiner told Platts that Nigerian crude is a must for most of its refineries, especially the older ones, which have been designed to run light sweet crudes. “Despite all the militancy issues, we still buy Nigerian crude, as our refineries need it. We will continue to buy Nigerian crude, but we want them to supply us with more,” he said. India, which is currently among the world’s fastest growing economies, has seen its gasoline and gasoil demand climb sharply over the past few years. This has encouraged Indian refineries to buy more Nigerian crudes. In 2015-16, India imported nearly 23.7 million mt of Nigerian crude, nearly 12% of India’s overall oil imports, according to official Indian data. The South Asian country also imports some 2 million mt/year of LNG from Nigeria. Every month almost 20-25% of total Nigerian crude exports travel to India, particularly to IOC, which is the main recipient of Nigerian crude. Indian refiners like IOC, HPCL and BPCL are currently on crude oil term lifting contracts for 2016 with NNPC. Paul O’Neill Womens Jersey
Bangladesh to award LNG terminal project to Reliance, says ministry
Bangladesh is set to announce the selection of India’s Reliance Power Ltd. to build a 500,000 Mcf/d a floating storage and regasification unit and a 750 MW combined cycle power plant during Prime Minister Sheikh Hasina’s visit to India in mid-December, officials said Wednesday. The Ministry of Power, Energy and Mineral Resources and state-run Bangladesh Power Development Board expect a draft power purchase agreement, implementation agreement and land lease agreement to be signed during the visit, MPEMR Additional Secretary Md Mahbub Ul Alam told S&P Global Platts Wednesday. “We are now working to finalize the draft deals,” BPDB Chairman Khaled Mahmood said. The projects are expected to be awarded under the Speedy Supply of Power and Energy (Special Provisions) Act 2010, which does not require a tender process. The FSRU will be built at Maheshkhali Island and the LNG-based power plant at Meghnaghat; the power plant on a build, own and operate basis for around 22 years with a 15-year tax holiday. Bangladesh is expecting to start imports of LNG either by late 2017 or early 2018 to cope with the mounting domestic demand for natural gas. The country last year created an Energy Security Fund to finance the import of LNG and build terminals, Platts reported earlier. Excelerate Energy has started work on building Bangladesh’s first LNG terminal — a floating storage and regasification unit — at Moheshkhali island, Platts reported in May. Leighton Vander Esch Womens Jersey
India expressed commitment to Producer Consumer dialogue on Gas related issues
Union minister of state for petroleum and natural gas Dharmendra Pradhan expressed commitment to the IEF Producer – Consumer dialogue and welcomed initiatives to ensure the Gas can make an optimal contribution to a healthy energy future through a rolling dialogue and also enhances Gas market transparency. Pradhan said this forum provided an opportunity on deepening the dialogue on the role of Gas to enable an orderly energy transition that strengthens energy security, stimulates economic growth and enhances healthy energy market functioning, prosperity and well being globally. He said that on one hand the future of Gas is bright but on the other hand established policies and business models require closer consideration in light of current energy market projections. The Gas Forum also issued a concluding statement which is as follows – 1- Upon the invitation of His Excellency Shri Dharmendra Pradhan, Minister of State of the Ministry of Petroleum and Natural Gas of the Republic of India, Ministers, industry leaders, heads of international organizations, and invited energy market stakeholders of the member countries of the International Energy Forum (IEF), and the International Gas Union (IGU) gathered at the 5th Meeting of the Bienniel IEF-IGU Ministerial Gas Forum, hosted by the Government of the Republic of India on 6 December 2016 in New Delhi, India. 2- Under the theme “Gas for Growth: Improving economic prosperity and living standards” ministers deepened their dialogue, while engaging with industry representatives as well as energy thought leaders on the role of gas to enable an orderly energy transition that strengthens energy security, stimulates economic growth and enhances healthy energy market functioning, prosperity and wellbeing globally. 3- Gathered in New Delhi India, one of the world’s largest new gas consuming markets, counting more than 1.2 billion prospective gas consumers in the world, and most rapid growing economy that is seeking to embrace the “Age of Gas”, ministers from both producing and consuming countries, exchanged views in three sessions on gas for growth and sustainability, regional gas markets; new prospects for trade and integration, and policy trends for investment across regions. 4- Sessions included key note presentations by His Excellency Shri Dharmendra Pradhan, Minister of State of the Ministry of Petroleum and Natural Gas of the Republic of India, His Excellency Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry, Qatar the Secretary General of the Gas Exporting Countries Forum, His Excellency Seyed Mohammad Hossein Adeli, the Chairman and Managing Director of Gail India, Shri B.C. Tripathi and Nizar Mohammad Al-Adsani, the Chief Executive Officer of the Kuwait Petroleum Corporation, among the many senior level interlocutors from government, industry and international organizations. 5- Mindful of the outcomes of the 15th Session of the IEF Ministerial Energy Forum held in Algiers on 26- 28 September 2016 that took place against the background of key governance initiatives, such as, the 2030 Agenda for Sustainable Development adopted at the United Nations Sustainable Development Summit on 25 September 2015, the landmark “Paris Agreement” concluded the 21st session of the Conference of Parties to the United Nations Framework Convention on Climate Change, as well as new energy governance initiatives in the framework of the G20 and other platforms, discussions focused on how gas resources and technologies can stimulate sustainable growth, diversify economies, improve air quality, keep global warming within agreed thresholds, and achieve energy access goals. 6- Ministers discussed global market developments that are characterized by more abundant gas supplies, weaker than expected demand growth, and the global spread of new technologies that enables more diverse gas trade between global gas and demand centers in which Asia and Liquefied Natural Gas (LNG) flows are rapidly increasing market share. They noted that this has made gas markets more competitive, and the terms of trade more short-term and flexible between a broader range of gas producers and consumers that stand to further benefit both. 7- Ministers acknowledged that increasing supplies on a more competitive global gas market creates new opportunities for gas importing countries to lock in supplies on more favorable terms. On the other hand enduring gas market supply abundance reduces investment incentives in the development of upstream gas resources. Growing gas trade volumes and opportunities may expose global gas markets to new risks and price fluctuations, as shifts in regional markets can propagate with greater ease across a better interconnected system. Delegates noted the importance of strengthening dialogue on a rolling basis, and that bilateral producer-consumer relations built up over the past decades remain critical for longer term gas market security. 8- Delegates recognized that a denser global midstream sector with more diverse pipeline and flexible LNG trade capacity should encourage governments to consider market reforms that reduce price, regulatory, infrastructure and other hurdles, and industry to consider more cost efficient operations and innovate on business models. For all stakeholders it would be important to seize the opportunity of more abundant gas supplies and trade in shaping healthier energy matrices that increase economic prosperity and living standards in both consuming and producing countries while delivering on globally agreed goals. 9- Noting that gas can be a driving force to help achieve an orderly energy transition, and is projected to make the largest contribution to societies across the world, when compared to other energy technologies in energy outlooks, delegates acknowledged that an enhanced producers-consumer dialogue on the evolution of gas markets is necessary for both governments and industry to seize on these opportunities arising on the medium term, and maintain longer term gas market security. 10- Ministers noted that on one hand the future of gas is bright considering 21st century demographics that require economic prosperity and living standards to increase across societies, but that on the other hand, established policies and business models require closer consideration in light of current energy market projections. To facilitate future gas demand growth trajectories, ministers and industry delegates affirmed their commitment to: • The IEF producer-consumer dialogue welcoming initiatives to conduct an energy technology neutral, inclusive and ongoing dialogue on the platform that the
Islamic Development Bank to offer $500 mn loan for US based TAPI project
The Islamic Development Bank (IsDB) had agreed to provide US$ 500 million loan to part-finance the proposed 1814 km Turkmenistan-Afghanistan- Pakistan-India (TAPI) natural gas pipeline project to transport gas from Turkmenistans Galkynysh fields to Fazilka in India. The TAPI gas pipeline project is estimated to cost US $15 billion. Interestingly, the TAPI gas pipeline project that is supported by the US as part of its Afghan rehabilitation policy and as an alternative to Russian infrastructure for evacuation of Central Asian gas is being funded by the Saudi Arabia based Islamic Development Bank. The $500 million funding agreement was signed with between the TAPI project consortium and the Islamic Development Bank last month, an official said on the sidelines of the Petrotech conference being held in the capital. The consortium of state-owned firms of the TAPI Pipeline Co are also in talks with Saudi Fund for Development and the Japanese government for partnership. The state-owned gas utility GAIL India, ISGS of Pakistan and Afghan Gas Enterprise (AGE) have 5 per cent stake each. Turkmenistans national oil company Turkmengaz is the leader of the consortium of national oil companies of the four nations. It has 85 per cent equity in TAPI Pipeline Co (TPCL). As per the official, IsDB has expressed interest in financing the project not just on Turkmenistans territory, but in Afghanistan and Pakistan. The TAPI pipeline will have a capacity to carry 90 million standard cubic metres a day (mmscmd) gas for 30 years, with 38 mmscmd going to India and Pakistan each. The remaining gas is to feed Afghanistan. The project, to which ADB was appointed the transaction advisor in November 2013, had been planned to become operational in 2018, but it is unlikely to see the light of day before 2022. The TAPI project has been on the drawing board for years as the four countries had not been able to get an international firm to head a consortium which will lay and operate the pipeline. French giant Total SA had initially shown interest in leading the consortium. However, it backed off after Turkmenistan refused to accept its condition of a stake in the gas field that will feed the pipeline. The four nations to the project in April this year had signed an investment agreement in Ashgabad. He said TPCL will appoint a project monitoring consultant (PMC) to conduct pre-FID activities, including mine clearance in Afghanistan, detailed route survey, front-end engineering design (FEED) and environment and social impact assessment. The technical study of the TAPI project, done by Penspen, has estimated that it will take over six years to complete from the start of the FEED process, he said. The Turkmenistan-Afghanistan-Pakistan (TAP) project was originally announced in May 2002. India joined the consortium in 2008. In 2014, the pipeline consortium, TPCL, was incorporated. TAPI will carry gas from Turkmenistans Galkynysh field, better known by its previous name South Yoiotan Osman that holds gas reserves of 16 trillion cubic feet. From the field, the pipeline will run to Herat and Kandahar province of Afghanistan, before entering Pakistan. In Pakistan, it will reach Multan via Quetta before ending at Fazilka (Punjab) in India. Michael Stone Jersey
OPEC’s Decision to cut oil production will not deter India’splans to turn into a gas based economy : Pradhan
While as a consumer India will remain “watchful” of actions like the recent OPEC decision to cut production, the move by the oil cartel to reduce oil production will not deter the country’s plan to move towards its plan of becoming a gas based economy, oil minister Dharmendra Pradhan said on Tuesday. With LNG prices being linked to crude, the move by OPEC to cut production saw an increase in LNG to their highest level for 2016 in the Singapore market on December 2. This sparked fears that gas prices may face upward pressure as oil rises in the wake of the OPEC decision. “As a consumer, we have to be watchful as things are emerging,” he told reporters after a session with International Gas Union organised by state-run gas utility GAIL as part of Petrotech 2016. “We have to move to market mechanism. Currently we have some of it… segments such as CNG, PNG are linked to domestic gas and slightly lower than imported fuel. But as the consumer base expands in line with measures being taken by the government, a gas-based market will develop,” Pradhan said. However, Pradhan said the expanding market and consumer base in India, abundance of future availability from upcoming sources and long-term contracts will moderate (LNG) prices and ensure affordability. IGU president David Carroll supported Pradhan’s contention. “There is democratisation of gas trade… decoupling of oil and gas prices. Together with abundance of supplies from new facilities expected to come on stream, there will be downward pressure on gas prices,” he said. Pradhan said countries that have agreed to cut output by 1.8 million barrels a day account for only 40 per cent of the world production and the remaining 60 per cent outside any quota limits. “As a country which imports over 75 per cent of its oil needs, we have to be very watchful. We have to wait,” he said. Pradhan said he had raised with the visiting OPEC Secretary General Mohammad Sanusi Barkindo that the grouping should keep in mind the interests of the consuming nations and not monopolise the market. “He stated that they will bear in mind the concerns but right now they are only rebalancing the market,” he said. Brad Hand Womens Jersey
Sudan holds up licence extension for ONGC’s overseas arm
Sudan is holding up extending ONGC Videsh’s licence over an oil field as the government seeks higher royalties, tax and profit petroleum even as it delays paying nearly $300 million in oil dues. The licence for Block 2B expired last week and an automatic 5-year extension is available, but Sudan, whose revenues have been hit with a drop in oil prices, wants higher taxes and royalties before it agrees to the same, officials said. OVL, the overseas arm of the state-owned Oil and Natural Gas Corporation (ONGC), in 2003 had bought a 25 per cent stake in Greater Nile Oil Project (GNOP) comprising Block 1, 2 and 4 in the undivided Sudan. It lies in the prolific Muglad basin, about 780 kilometres in the South-West of Khartoum, the capital of Sudan. The project produces about 50,000 barrels of oil per day (bpd). Upon secession of South Sudan from Sudan in July 2011, the contract areas of blocks 1, 2 and 4, spread over both areas, were split with a major share of production and reserves now situated in South Sudan. Blocks 2A, 2B and 4N are in Sudan, and blocks 1A, 1B as well as 4S are in South Sudan. Block 2B produces 50,000 bpd of oil, while Block 4 is in the exploration phase. The official said OVL and its partners China National Petroleum Company (40 per cent stake), Petronas of Malaysia (30 per cent) and Sudapet (5 per cent) want a 5-15 year extension, but Sudan is yet to agree. Sudan has not paid OVL for the oil from GNOP it consumed. Post-secession, as the Sudanese government’s share of total production in Sudan was not sufficient to meet requirements of local refineries, foreign firms were asked to sell their share of crude oil to it. However, the payment of dues on account of crude oil purchased by the Sudanese government has not been received, he said, adding that OVL’s share of the outstanding dues is about $300 million. The crude oil produced from oil field of GNOP is transported through a 1,504-km pipeline to Port Sudan on the Red Sea. OVL, along with state-owned Oil India, had constructed and financed a 741-km multi-product pipeline from Khartoum refinery to Port Sudan for $194 million. OVL’s share of the project cost was 90 per cent. The pipeline was handed over to the Sudanese government in October 2005. A lump sum price together with lease rent was to be given to OVL in 18 equal half-yearly instalments, effective December 2005. While the payment of 11 half-yearly instalments due till December 2010 was received from the government, the remaining seven instalments due from June 30, 2011 to June 30, 2014, are yet to be released. OVL, whose share of investment in the project was $158.01 million, has been following up for realisation of $98.94 million from the Sudanese government at various levels, he added. E. J. Manuel Jersey
Petronet plans retail foray; to set up LNG fuel outlets
Petronet LNG Ltd, the nation’s largest importer of liquid gas, is set to foray into retail sales of liquefied natural gas (LNG) through fuel outlets across the country. The company is already in talks with oil marketing companies (OMCs) like Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) to use their retail outlets to sell LNG atleast at 1000 retail outlets across the country within the next three years. This may include sharing of the facilities by OMCs through installing LNG dispensers and also running outlets operated by Petronet. “We are in talks with all the oil marketing companies regarding the use of its retail outlets. Our aim is to have at least 150,000 LNG trucks, which would turn out to be about 0.5-1.5 million tons of LNG in terms of quantity,” Prabhat Singh, chief executive officer and managing director of Petronet LNG told Business Standard on the side-lines of Petrotech 2016. This comes at a time when India launched its first LNG-driven bus in Kerala last month. Petronet’s retail foray plan works in tandem with Petroleum Minister Dharmendra Pradhan’s roadmap to shift towards cleaner fuel for vehicles. Petronet is also in talks with auto companies like Tata Motors and Ashok Leyland to introduce buses running on LNG. For its retail foray, the only hurdle before the company is a clearance that it has to get from the petroleum ministry to sell fuel through outlets. Singh added that at least 200,000 trucks that join India’s fleet every year could run on LNG, as it would bring nearly 30-40 per cent price advantage compared to other fuels. According to the Paris Agreement to undertake intended nationally determined contributions’ (INDCs), India had committed to reduce its carbon emissions by 33-35 per cent by 2030. “Shifting to these many LNG vehicles can help India meet at least 2.5 per cent of this commitment,” he added. India’s target is to raise the use of gas in its energy mix to 15 per cent in three to four years from 6.5 per cent now, to curb emissions and cut its dependence on imported oil. According to Petronet, out of the total 78 million tons of diesel that the country consumes every year, the share of trucks and busses comes to around 28 MT and hence a shift to cleaner gas fuel may turn advantageous for the environment. India is planning to increase its LNG import from 21.3 million tons per annum (MTPA) to about 50 MTPA by 2022. As a step towards going more greener, India is also building three more LNG terminals its east coast, The three new terminals will be located at Ennore, Kakinada and Dhamra ports on the east coast. Olli Maatta Authentic Jersey