INOX India has signed a Memorandum of Understanding (MoU) with Shell Energy India to develop the market for LNG supply by road from Shell’s LNG Terminal in Hazira, Gujarat.
Under the MoU, the global cryogenic engineering company and Royal Dutch Shell subsidiary will deploy distribution infrastructure including logistics and offer LNG access to customers not connected to the pipelines.
In a statement, INOX said this will help in increasing the penetration and consumption of clean, reliable and cost-efficiet LNG to commercial and industrial users all over the country.
The MoU also covers the cooperation in developing a larger market for LNG as a transport fuel for long-haul heavy-duty trucks and buses. Announcing the MoU, Siddharth Jain, Executive Director of INOX India, said, “Our partnership with Shell, underlines INOX’s innovativeness and our futuristic approach.”
“LNG is not only a clean and cost-effective fuel but is also safe and reliable. We are delighted that our collaborated efforts will make this green fuel more accessible.”
“A larger gas-based industrial ecosystem augurs well with Indian economy as well as for the environment at the same time and is a win-win situation for all stakeholders.”
Ashwani Dudeja, Country Head of Shell Energy India, added, “We look forward to working with INOX to deliver LNG by trucks and create access to LNG for customers not connected via pipeline.”
“There is a growing demand for gas, the cleanest-burning fossil fuel, from the City Gas Distribution sector, commercial and industrial customers and as a fuel for heavy-duty transport.”
“We are excited to explore this new segment and develop other such partnerships which will enable us to continue playing a key role in meeting India’s long-term need for more and cleaner energy.”