LNG Alliance to invest in India's Natural Gas market

SINGAPORE--- LNG Alliance Pte Ltd today announced that it's opening a new office in Chennai, India. LNG Alliance Pte Ltd is a leading independent project developer in the natural gas and liquefied natural gas (LNG) sector. The team at the Chennai Office will assist the company in forging ahead with the development of India's virtual gas pipelines, downstream gas market integration, and LNG bunkering possibilities.
LNG Alliance's introduction to India will be a timely one. India seeks to raise the share of natural gas in its energy mix from its current 6.2% to 15% by 2030 and is currently scouting for affordable gas for price-sensitive customers.
LNG Alliance plans to develop an end-to-end solution for India, using its strategic ownership positions in low-cost LNG supply at around $4/mmBtu on a long-term basis to meet India's LNG demand.
"We are now in a position to deliver LNG which can be a source for City Gas Distribution (CGD). For the first time in the energy history of India, we can replace coal with natural gas. Natural Gas is and provides uswith a very competitive pricing point," said Ms. Cheryl Goh, LNG Alliance's Executive Director. "The regasified LNG, tied together with last-mile gas pipeline or virtual pipeline connectivity, could revive more than 10 GW of idle CCGT power plants in India."
The Indian gas market is projected to be the fastest-growing in the world over the next two decades. LNG Alliance is working with gas companies in India to build a robust virtual pipeline network to ensure that downstream gas supply remains resilient and undisrupted, allowing it to meet increased energy demand from industries and citizens.
The implementation of a flexible virtual pipeline network will serve as a temporary transportation solution while India's physical gas pipeline infrastructure is developed. This also becomes a long-term option in areas where physical natural gas pipelines are not viable.
With the overarching goal of bringing affordable and reliable gas supply to India, LNG Alliance is also working with potential third-party usage of existing terminals to maximize their utilization. LNG Alliance is also setting up two LNG bunkering hubs ? one on the East Coast and one on the West. At the same time, LNG Alliance has lined up potential investors who have expressed interest in India's virtual pipeline infrastructure.
"With these developments, we aim to create price transparency within the gas market on an open platform and discover an effective mechanism to accelerate the growth of City Gas Distribution," said Dr. Muthu Chezhian, the CEO of LNG Alliance. "There is vast potential for the gas and energy market in India to grow exponentially."
"We are also in talks about a potential investment in an East Coast LNG terminal in India. We are working closely with our local partners in India. This enables us to achieve common goals and co-create success for our regional customers by adapting a professional value creation approach, and bring affordable LNG to the communities in need," Dr. Chezhian said.
LNG Alliance is setting up an office base in Chennai for managing South India's LNG/gas downstream aggregation and virtual pipelines venture. As the next stage of expansion, the company is also looking into a new project office in Chattogram, Bangladesh, aligned with its plan for developing an onshore LNG terminal.
About LNG Alliance: LNG Allianceis headquartered in Singapore with subsidiary offices and affiliated entities in the USA, Mexico, and Indonesia, and has experience in LNG Asset Investments, LNG Import and Regasification Terminals, LNG Bunkering (LNG as fuel for ships) and LNG Distribution/Retail Markets.
As a niche market player, LNG Alliance ? backed by two major Asian national energy companies ? is leading the development of a modern LNG liquefaction facility on Mexico's west coast and launching North America's first Waha Hub-based LNG export terminal.
By using the ultra-low-cost Permian gas, which is at least a dollar cheaper than the Henry Hub, this terminal will produce the most competitively-priced LNG from the region.
The shipping cost to India and Bangladesh is reduced by 42%, due to shorter shipping distance and bypassing the Panama Canal fee. The resulting pricing point,about 4$/mmBtu on a long-term basis, make it a clear contender for replacing coal.
On the LNG import terminal segment, LNG Alliance's Executive and Operations team have decades of combined experience from LNG terminal developments and operations gained from multiple projects in the Americas, Middle East, and Asia, and have ongoing projects in Mexico, Caribbean, Indonesia, and Latin America.

Company :-lngalliance

User :- lng alliance

Email :-lngalliance@indianewshub.in