According to the latest Bloomberg report, Royal Dutch Shell Plc is turning to India’s textile, cement and steel factories as it seeks to expand demand for its natural gas.
Shell is also studying how it might convert coal users in the western Indian city of Surat, a major textile hub. Shell is exploring installing LNG-refuelling stations at its retail fuel outlets in India as the country seeks to use more LNG for transporting goods.
The company operates a 5 million tpy LNG import terminal on the west coast of India through a joint venture with French energy major Total SA, which accounts for approximately 25% of the country’s total imports of the fuel. India is the world’s fourth-largest buyer of LNG and imported 18.99 million t in 2016, according to the International Group of Liquefied Natural Gas Importers.
About 600 million people in India would need access to some form of energy over the next 15 years, which will push the nation’s energy demand up almost two-and-a-half times to keep pace with the economic growth rate.
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