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ATGL and INOX Partner for LNG in India
Indian city gas distribution company Adani Total Gas Ltd (ATGL) and INOX India Ltd have signed a mutual support agreement for a liquefied natural gas (LNG) partnership.
Under the agreement, the two companies have designated each other “preferred partner” status for the delivery of LNG and liquefied compressed natural gas (LCNG) equipment and services. ATGL and INOX will also explore collaboration opportunities for “strengthening the LNG ecosystem in the country”, they said in a joint news release.
ATGL will have certain inherent project level benefits, which include preferential treatment and access to advanced scheduling, and consideration for collaborative opportunities for establishing LNG/LCNG stations, LNG satellite stations, transitioning to LNG as a transport fuel, LNG logistics, as well as developing small-scale liquid hydrogen solutions for the industry, according to the release.
The agreement covers the role and obligations of both parties to leverage expertise in developing LNG infrastructure, including small-scale LNG plants, LNG stations, bringing economy of scale for conversion of heavy vehicles to LNG, developing best practices towards HSE, fuel efficiency, high quality conversion, and services.
“As our economy prepares to go [into] an overdrive, it is imperative that we also maintain a focus on ensuring that the transition happens in a sustainable manner”, Siddharth Jain, non-executive director for INOX, said. “We are, therefore, excited about our cooperation with ATGL, which would look to strengthen the LNG ecosystem and building and promoting LNG as a transport fuel. Our combined synergies, backed by expertise and scale of both the Parties will truly benefit the stakeholders in the economy in reducing emissions, and make significant contributions towards the green transition”.
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