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“India” is preparing to operate the latest liquefied gas stations

March 22, 2024

India is preparing to open the Chhara LNG terminal, which is an important step towards achieving the goal of carbon neutrality by 2070. The plant is located in the state of Gujarat on the western coast of India, and is being developed by the Hindustan Petroleum Company.

The Chahara station aims to enhance India's efforts to reduce emissions by increasing the use of natural gas, which is a fossil fuel that is less polluting than oil and coal. India imports liquefied gas through 7 stations currently, and seeks to increase their number to 8 with the start of operation of the Jafarabad station during the year 2024.

The production capacity of the Chahara station is 5 million tons annually, but it is expected to operate at full capacity during 2025 after the completion of the construction of a breakwater. Demand for gas in India is expected to rise during the current decade, supported by the decline in liquefied gas prices.

The International Energy Agency expects gas demand to rise by 6% during 2024, while other estimates indicate a greater increase of up to 8%.
CareEdge expects LNG imports to reach 45% of India's total natural gas consumption by 2026, due to increased natural gas production and imports.

The US Energy Information Administration expects gas consumption in India to triple by 2050, and this number represents double the expected growth rate of gas consumption in China, which is 2% annually.