LNG India Summit leads the path towards a gas based economy during its 5th edition held in New Delhi
Feb 14 2020 Read 720 Times
LNG India Summit concluded its 5th edition with a theme ‘Empowering a gas based economy for India’ in New Delhi from 28-29 November 2019. The annual summit acted as a knowledge sharing platform providing unparalleled networking opportunity and brand exposure to its large audience comprised of major LNG industry players, influential leaders, policy-makers, technocrats and experts. The event witnessed a notable presence of 117 delegates and 35 speakers from countries such as India, France, Singapore, Qatar, Malaysia, Norway, Germany, the UK, Japan, Korea and two of the UAE Emirates – Abu Dhabi and Dubai.
Organised by Messe Frankfurt India, the conference witnessed a participation of 90+ domestic and International companies which included pioneers like Delhi Transport Corporation, Gas Exporting Countries Forum, Ministry of Chemicals & Fertilizers, GoI, Adani Bunkering, Bharat Petroleum, BloombergNEF, Engineers India Ltd., Maharashtra State Road Transport Corp., GAIL India, GSPC LNG, Gujarat Gas, H-Energy, Indian Energy Exchange Ltd., Indraprastha Gas Ltd, Inox India, Kawasaki Heavy Industries, Linde Engineering India Pvt. Ltd., MAN Energy Solutions India Private Ltd., Mitsubishi Corporation, Mitsui OSK Lines Ltd, NTPC Ltd., Petronet LNG, S&P Global Platts, SBI Capital Markets, Scania Commercial Vehicles India Pvt Ltd, Shell Energy India, Think Gas, Toyo Engineering, among many others.
“It was a good experience joining the conference. We should adopt this environment friendly approach to ensure optimum utilisation of gases for the betterment of the country. LNG is the cleanest fossil fuel and is very useful for developing as well as developed nations. We have to promote gases like LNG as it is environment friendly,” said Sh. Kashi Nath Jha, Joint Secretary (PC), Ministry of Chemicals & Fertilizers, GoI.
Sharing the Gas Exporting Countries Forum’s (GECF) views on the current and future role of LNG in the global energy mix, Mr Aydar Shakirov, Gas Transportation and Storage Analyst - Gas Market Analysis Department, GECF, said “It is a real honour for me to be here at the LNG Summit. India is a really promising market for LNG exporters, including GECF. Today, 80% of India’s LNG import comes from our member countries. According to our estimation, LNG will become world’s largest energy source by 2050 with a share of 27% in the global energy mix. We hope that cooperation between our member countries and India will continue in the future.”
High level panel discussions were held covering topics like LNG market dynamics, innovations in LNG Market, LNG trading and pricing, advancements in infrastructure and equipment, regulations and technologies, etc. Key experts presented new projects, case studies and technology applications, related to small scale LNG and LNG bunkering during the event. Interactive presentations showcasing state-of-the-art LNG technologies and LNG industry‘s latest technical developments were the highlights of summit. LNG has a high potential market within transportation applications, ranging from domestic and fleet vehicles to rail, off-road, heavy duty trucks, and so on. A separate session was organised with an aim to provide insights on the latest innovative transport concepts based on the use of LNG in India.
Sh. Manoj Kumar, I.A.S., Chairman-Managing Director, Delhi Transport Corporation, said “It was a pleasant experience attending the conference. How to ensure the energy security in India and to have a proper mix of fuel and gas based energy are the burning topics now. We have been successfully using CNG for the last 17 years and now we are in touch with some manufacturers for LNG. We are about to conduct trial runs for LNG fuel and run the buses on longer routes. We will keep on experimenting with new environment friendly and cost effective technologies that helps in ensuring efficient bus services to the city.”
Sharing her views on how LNG could lead India towards a greener and cleaner future, Ms. Vartika Shukla, Executive Director - Technical, Engineers India Ltd, said “Gas-based economy is a very critical factor which will usher India towards a cleaner environmental era. Gas being like a bridge fuel moving from sulphur, heavy liquid fuels emitting twice the carbon dioxide in comparison to clean gas. The penetration of gas into all sectors will hold the key towards the goal of looking at 15% market share in the primary energy mix in 2030.”
Overall, the summit proved to be a learning platform for covering most pertinent subjects such as the LNG trading, policies, current trends, market challenges, growth opportunities and the future of LNG market in India.
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