Improved highway infrastructure and engaging pricing of liquefied pure fuel is catalysing vitality firms and auto majors to gear as much as serve the long-haul LNG trucking section.
To cater to those medium and heavy industrial automobiles, oil advertising firms are planning to develop the compressed pure fuel shelling out infrastructure of their gas stores to dispense LNG. They’re planning to arrange LNG retailing retailers alongside main nationwide highways.
“Establishing of an LNG station will price wherever as much as INR 8-INR 12 crore. A gas retail outlet prices solely as much as INR 1.5 crore. We’re evaluating choices to maximise funding and develop CNG shelling out stations to incorporate LNG,” mentioned a senior government from an oil advertising firm.
Final month, fuel marketer and transporter Gail dedicated an funding of INR 650 crore to arrange LNG filling stations alongside the Golden Quadrilateral, main NHs and mining hubs. It goals to seize over 50% market share by 2030. Indian Oil Company, Bharat Petroleum Company and Hindustan Petroleum Company are additionally planning to arrange LNG stations.
LNG vehicles are referred to as long-haul automobiles, as they’ve a driving vary of 600-1,000 km in a single gas fill, giving them an edge over different fuels. By 2030, India might see 50,000 vehicles serviced via 400 LNG retail stations, in keeping with Emkay Analysis. India has round 4 million vehicles working, of which 1 to 1.5 million could be diesel-run vehicles. Emkay Analysis says 3-5% of this may be transformed to/changed by LNG by CY30, which means 50,000 vehicles.
“Assuming 150 kg per day fill of LNG, this interprets into a requirement of two.4 million tonnes each year (mmtpa). Compared, China has an LNG fleet of over 582,000 vehicles with 4,800 stations, having whole volumes of 18-20 million tonnes each year,” Emkay Analysis added.
Push for adoption of LNG automobiles turns into essential as India makes an attempt to stem greenhouse fuel emissions, cut back native air air pollution in cities and enhance the share of pure fuel within the major vitality combine from 6% to fifteen% by 2030, in keeping with a Niti Aayog report.
Tata Motors, Ashok Leyland and Blue Vitality are already providing LNG vehicles. Tata Motors, which launched its first LNG-powered truck in December 2023, is in discussions with its anchor prospects within the metal, coal, cement and container segments who’re eager to maneuver their fleet to LNG-powered vehicles for mining and long-haul logistics, mentioned Rajesh Kaul, vice-president and enterprise head, vehicles, on the agency.
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