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Projects: Private sector role is crucial in greener future for all

Fiinews by Fiinews
February 9, 2024
in Projects
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MoPNG taking multipronged approach towards LNG as fuel, says Khanooja

The role of the private sector which not only in India but also in the Netherlands is crucial in driving innovation and progress towards a greener future for all, Marisa Gerards, Ambassador of the Kingdom of the Netherlands in India, has told international delegates at an energy conference in Goa.

Shell India is bolstering such collaborative knowledge initiatives, said the Envoy at the released of ‘LNG as a Transportation Fuel in Medium and Heavy Commercial Vehicle’ on 6 Febr at India Energy Week.

Gerards pointed out that the joint report highlights both nations’ commitment to transform their energy sector for sustainable development and a way forward to becoming climate-resilient economies.

The report explores different challenges and barriers for LNG adoption in India and recommends a roadmap of actionable solutions.

The report further highlights the need for the development of a transparent implementation framework for these recommendations, driven by near-term goals of demand creation and market seeding.

Going forward, NITI Aayog and the Embassy of the Kingdom of the Netherlands plan to work together to further intensify their collaborations on sustainability, with a focus on the circular economy in addition to energy transition, said NITI Aayog which has been actively collaborating in the field of energy transition under the Statement of Intent (SoI) partnership with the Dutch embassy since 2020.

Speaking on the occasion, NITI Aayog Vice Chairperson Suman Bery said, “The report focuses on leveraging LNG as a fuel source and customizing its use in the medium and commercial vehicle segment. It examines the coordination issues faced by the various stakeholders and highlights the lessons that can be learnt from other countries in addressing these challenges.”

“The report highlights strategies which will help in achieving 15% gas share in primary energy supply and also the goal of Net Zero by 2070,” added Praveen Mal Khanooja, Additional Secretary, Ministry of Petroleum and Natural Gas.

“The ministry is taking a multipronged approach towards LNG as a fuel and would be keen on working with stakeholders with respect to it,” he said. fiinews.com

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