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JK Lakshmi ties-up with GreenLine Logistics to roll out first LNG fleet

JK Lakshmi Cement has tied up with GreenLine, a pioneer in green and smart logistics in India, for the introduction of LNG-fuelled heavy trucks for transporting cement. "With this association, GreenLine will enable JK Lakshmi Cement to decarbonise its road logistics operations in a phased manner over the next few years," the company said in a statement. Starting with a fleet of 10 LNG trucks plying on the Sirohi in Rajasthan to Surat in Gujarat route, the companies plan to scale this up substantially over the next two years. "Each LNG truck reduces about 35 tons of CO2 emissions per year. With the switch to LNG fuelled logistics, JK Lakshmi Cement aims to reduce its carbon emissions, not only to achieve its environmental goals but also boost its ESG performance," it said. Trucks in India usually use diesel as fuel. Liquefied natural gas (LNG) offers a less polluting alternative on long-haul routes. Speaking on the occasion, Arun Shukla, President & Director, JK Lakshmi Cement Ltd,

Top Headlines: PM Modi cautions against Covid, GAIL's LNG hunt, and more

Business Standard brings you the top headlines at this hour

Russia's Gazprom turns off tap, GAIL's hunt for LNG may continue for a year

Its petrochem plant in UP running at 40% utilisation

Qatar to supply liquefied natural gas to Germany from 2026 under 15-yr deal

Qatar is to supply liquefied natural gas to Germany under a 15-year deal signed on Tuesday as the European economic powerhouse scrambles to replace Russian gas supplies that have been cut during the ongoing war in Ukraine. Officials gave no dollar value for the deal, which would begin in 2026. Under the agreement, Qatar would send up to 2 million tons of the gas to Germany through an under-construction terminal at Brunsbuettel. The deal involves both Qatar Energy, the nation's state-run firm, and ConocoPhillips, which has stakes in Qatar's offshore natural gas field in the Persian Gulf that it shares with Iran. As European countries have supported Ukraine after Russia's invasion in February, Moscow has slashed supplies of natural gas used to heat homes, generate electricity and power industry. That has created an energy crisis that is fuelling inflation and increasing pressure on companies as prices have risen. Germany, which got more than half its gas from Russia before the war, .

Germany to get new Qatari LNG flows via QatarEnergy, ConocoPhillips deal

Qatar's energy minister Saad al-Kaabi sees no limit to the amount of liquefied natural gas (LNG) that the country is willing to ship to Germany

China signs one of its biggest ever LNG deal with Qatar at $60 billion

Qatar Energy will send Sinopec 4 million tons of LNG a year starting in 2026, the state-controlled companies announced in a virtual ceremony on Monday

Emergency bid: GAIL inks agreement with ADNOC to secure LNG supply

Officials said the agreement represents a reworking of India's gas sourcing strategy as the country aims to aggressively source LNG from a wider list of nations

Black swan events in global markets upset India's long-term LNG story

With prices soaring and competition for the fuel rising, India's inability to negotiate term contracts with global suppliers puts Rs 2 trillion of investment at risk

Shortage of LNG tankers beginning to affect supplies to India: Industry

Tightening Russian gas supplies to Europe has led to scramble for tankers before winter sets in

LNG markets may tighten further in 2023 as demand likely to rise: IEA Chief

LNG markets in 2023 may be tighter than this year as demand may rise in China, India and other parts of Asia, the head of the International Energy Agency (IEA) said

India reaches out to US, Iraq for LNG after Gazprom reduces supply: Report

The decision comes as LNG supplies from Russia's Gazprom have been declining since the start of the Russia-Ukraine war

Europe's energy crisis: The looming winter of discontent that awaits India

Europe's bid to reduce its dependence on Russian gas ahead of the cold season will put pressure on prices and impact India's growing gas economy

Qatar Energy partners with Total Energies for LNG expansion amid war

State-owned oil and gas company Qatar Energy signed on Saturday a deal with Total Energies for the Northfield South Expansion. The partnership deal was signed by Saad Sherida al-Kaabi, Qatar's Energy Minister and Patrick Pouyanne, Total Energies chief Executive, and took place in Doha, Qatar. The deal comes at a time when Europe is searching for alternative sources of energy away from Russia. The Northfield expansion project is made up of two distinct parts, namely the Northfield East or NFE project, which will increase the state of Qatar's LNG production capacity from 77 to 110 million tons per annum, and Northfield South or NFS project, which will further increase Qatar's liquefied natural gas or LNG production capacity from 110 to 126 million tonnes per annum. Al Kaabi said Total Energies will have an effective net participation interest of 9.375 per cent in the NFS project, out of a total of 25 per cent available for international partner participation, while Qatar Energy will

Gazprom Singapore pays meagre penalty for defaulted LNG deliveries to India

A former unit of Russia's Gazprom is paying a 'meagre' penalty for the liquefied natural gas (LNG) cargoes it had failed to deliver to India since early June to absolve itself of all contractual liabilities, a top government official said. Gazprom Marketing and Trading Singapore (GMTS), under a long-term 20-year contract, was to supply 2.5 million tonne of LNG to state-owned GAIL (India) Ltd this year. But it has not supplied any cargo or shipload of LNG since early June. "The contract provides for a penalty of 20 per cent of the agreed price in case of a default by the supplier. GMTS is paying that penalty to absolve itself of all contractual liabilities," the official, who wished not to be identified, said. The price of LNG under the long-term contract comes to USD 12-14 per million British thermal unit and GMTS is paying 20 per cent of this for the default, he said. "LNG in spot market is being sold at triple the long-term price and so anyone would be happy to pay the meagre ...

Deflating gas economy: Kirit Parikh has a tough task on hand as prices soar

As global prices soar, another committee to review gas pricing policies may find the going more challenging

Tata Motors rolls out India's first CNG-powered truck in M&HCV segment

The CNG models are powered by the 5.7-litre SGI engine generating peak power of 180hp and torque of 650Nm, come with a modular architecture and offer a range of up to 1,000 km

Hardeep Puri to lead delegation to global LNG meet in Milan on Monday

Gastech 2022 is the 50th edition of the largest global gathering focused on Liquified Natural Gas as a bridge fuel

Blue Energy Motors unveils India's first LNG-fuelled green truck near Pune

Firm claims the engines generate high torque and help trucks deliver best-in-class total cost of ownership and offer unmatched ride comfort and safety for long hauls

Auto LPG policy running on fumes as policymakers ignore fuel's potential

The government is largely ignoring this least polluting fuel in favour of diesel, petrol and electric vehicles

Centre asks state-run firms to explore plans amid LNG supply crisis: Report

Gas supplies to India have been hit due to the ongoing Russia-Ukraine war