LNG Alliance to invest in India's Natural Gas market
12 October 2020
LNG Alliance Pte Ltd announced that it is opening a new office in Chennai, India. LNG Alliance Pte Ltd is a leading independent project developer in the natural gas and 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 USD 4/mmBtu on a long-term basis to meet India's LNG demand.