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Latest issue of The LNG Markets
Highlights of Issue :

A global rebound from Covid-19 combined with extraordinary demand for winter LNG cargoes, lowest EU gas storage level in five years and gas supply trouble in the US- first due to hurricane Ida and now hurricane Nicholas has pushed natural gas and LNG prices to its record high level.
Early in September, Hurricane Ida disrupted sizable feed gas supply in the US and now on Sep 14 hurricane Nicholas knocked out Freeport LNG liquefaction facility on the Texas Gulf Coast.

Kamlesh Trivedi



Trade Overview
Steep rise in winter prices feared by Asian European importers

India’s state owned coal company plans to switch to LNG for trucking

India’s state owned  Coal India Limited (CIL) last week announced that it has started retrofitting LNG kits in its dumpers -- big trucks engaged in transportation of coal, a move that will help the PSU to save around Rs 500 crore annually.
"In a big push to reduce its carbon footprint, national miner Coal India Ltd (CIL) has initiated 
the process of retrofitting Liquefied Natural Gas (LNG) kits in its dumpers," the company said in a statement.
This is a significant move, as the world's largest coal miner uses over 400,000 kilolitres of diesel per annum with an annual expense of over Rs 35 billion. The company in association with GAIL (India) Ltd and BEML Ltd has taken up a pilot project for retrofitting LNG kits in its two 100 tonne dumpers working at CIL subsidiary Mahanadi Coalfields Ltd (MCL).
CIL last week signed a memorandum of understanding (MoU) with GAIL an BEML to get this pilot project executed. Once the LNG kit is successfully retrofitted and tested, these dumpers will be able to run on dual fuel systems i.e. both on LNG and Diesel, and their operations will be significantly cheaper and cleaner with use of LNG.
LNG will replace the use of diesel by about 30 to 40 per cent and reduce the fuel cost by about 15 per cent.

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