HPCL has received 6-7 proposals to rent capacity; the Chhara LNG terminal will be commissioned in two to three months

HPCL has received 6-7 proposals to rent capacity; the Chhara LNG terminal will be commissioned in two to three months

HPCL has received 6-7 proposals to rent capacity; the Chhara LNG terminal will be commissioned in two to three months

In addition, HPCL is building stations that can refuel buses and trucks running on LNG, and its retail network is increasing its ability to distribute CNG.

According to Garg, HPCL intends to expand its network of 21,500 stations by 1,000 gas pumps annually.

According to a senior company executive, Hindustan Petroleum Corporation Ltd. (HPCL) has already secured capacity from 6-7 parties and intends to begin operations at the 5 million tonne per year Chara LNG import facility in Gujarat in the coming months. We've had offers for rental space. Thursday. The 40-kilometer pipeline that connected the terminal to the current network was not yet ready for consumer sale, which caused a delay in commissioning even though the terminal was mechanically finished in March.

"In the coming months, we plan to commission the LNG terminal," Amit Garg, Director of Marketing at HPCL, said reporters at this location. HPCL, a corporation specializing in oil refining and gasoline marketing, entered the gas industry quite late. It constructed the Chhara plant in Gujarat's Gir-Somnath area to collect natural gas, which is cryogenically chilled to a liquid condition. Before being piped to companies for use as feedstock, the liquefied gas will be transformed back into a gaseous condition at the terminal. HPCL, a corporation specializing in oil refining and gasoline marketing, entered the gas industry quite late.

According to Garg, the business has received offers to rent import capacity at Chhara from six to seven parties. "A decision is being discussed and will be made shortly." He did not, however, reveal the identity of the business that was considering renting the space. Initially, HPCL wanted to lease other businesses a 3 million tons annual capacity for a duration longer than ten years. It is anticipated that the pipeline linking to the gas grid will shortly be completed. The nation is building gas infrastructure, including the LNG terminal, with the goal of increasing natural gas's portion of India's energy mix from around 6% to 15% by 2030.

In addition to producing chemicals, energy, and fertilizers, the gas may also be processed into compressed natural gas (CNG) and pumped into homes for cooking. HPCL will keep making investments to grow its conventional gasoline retail business even as it develops its gas business. According to Garg, HPCL intends to expand its network of 21,500 stations by 1,000 gas pumps annually. India is a developing market with much lower per-capita energy consumption than the global average. Furthermore, he said, "There will be place for all fuels as the economy grows, including clean alternative fuels and conventional fossil fuels. We're going to install gas stations to the unserved regions.

He predicted that over the next two to three years, there would be a rise. The business will also build the necessary infrastructure for alternative fuels. It is intended to increase the number of EV charging stations to 5,000 in the next two years, he added. In addition, HPCL is building stations that can refuel buses and trucks running on LNG, and its retail network is increasing its ability to distribute CNG. "There will be all types of fuels in the future and we are just positioning ourselves," he said.