|A section of participants.
|Mr. Souabh Jha, Manager, PwC delivering his presentaiton.
|Dr. R. K. Malhotra, Director General, FIPI welcoming the participants.
Roundtable discussion on the study “Viability Assessment of Liquefied Natural Gas (LNG) as a fuel for long distance transportation”
Federation of Indian Petroleum Industry (FIPI) organized a roundtable to discuss the outcome of the study “Viability Assessment of Liquefied Natural Gas (LNG) as a fuel for long distance transportation” being carried out by FIPI in association with IOCL, BPCL, GAIL, Petronet LNG, Shell, India Gas Solutions (JV of RIL & BP) and Exxon Mobil with PWC as knowledge partner. The roundtable chaired by Sh. Prabhat Singh, MD & CEO, Petronet LNG and was attended by representatives of key stakeholders such as GAIL, Petronet LNG, Shell, Exxon, BPCL, India Gas Solutions, Petroleum & Natural Gas Regulatory Board (PNGRB), Society of Indian Automobile Manufacturers, Center for Energy Studies – IIT Delhi, All India Transporter Welfare Association and transport fleet operating companies. Dr. R.K. Malhotra, Director General, FIPI, while welcoming the participants highlighted the role that LNG can play in future as a fuel for Heavy Commercial Vehicles (HCVs) in India due to its environmental benefits and economic advantages over diesel. Mr. Prabhat Singh made a strong case for setting up LNG infrastructure in the country for enabling easy access to LNG as a fuel particularly for trucks. He added that since it is a viable business proposition the oil & gas companies need not look for financial support from government. The participants agreed that LNG is a viable fuel for HCVs for long distance transportation, since the technology is available and being put to use in various parts of the world such as China, Europe and USA.