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RasGas CEO highlights benefits of LNG for India

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LNG Industry,

Speaking at the 12th International Oil and Gas Conference and Exhibition in New Delhi, India, RasGas Co. Ltd’s Chief Executive Officer (CEO), Hamad Mubarak Al Muhannadi, explained why LNG offers a cleaner alternative to coal.

Mr Al Muhannadi said: “Those native to New Delhi are aware of the impact of coal and diesel particulates in the air, and while it is true that coal is cheap, the price paid in terms of pollution and health is unacceptable.”

Mr Al Muhannadi described LNG as “affordable, efficient and environmentally sustainable.” He said: “In 2016, India will become the second largest buyer of spot and short-term LNG cargoes in addition to being the world’s fourth largest importer overall […] This is the result of a clear choice by both the consumers and the government of India.”

Back in 1999, RasGas signed a joint LNG Sales and Purchase Agreement (SPA) with Petronet for the delivery of 7.5 million tpy over 25 years. Since then, RasGas has formed relationships with Gas Authority of India Ltd (GAIL), Gujarat State Petroleum Corp. (GSPC), and Reliance.

Mr Al Muhannadi added: “RasGas is proud to support India’s transformation into a land powered by clean, reliable, gas-based energy.”

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LNG import news