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Mahanagar Gas forms JV with Baidyanath LNG to aid transportation sector

Monday, 15 Jan 2024
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City gas distribution company Mahanagar Gas (MGL), has announced the formation of 'Mahanagar LNG', a joint venture  (JV) with Baidyanath LNG. This partnership marks the first venture of its kind in India, focusing on developing liquified natural gas (LNG) infrastructure for the transportation sector.

The JV aims to cater to the rising demand for clean and sustainable energy solutions, particularly in the long-haul and close loop transportation segments, contributing to the decarbonisation of the trucking industry. Foraying into adjacent areas, the JV targets to set up six LNG stations in Maharashtra in the first phase, and expand its footprint pan-India. 

The partnership is set to aid long-haul heavy-duty vehicles in transitioning from diesel to LNG, thereby reducing carbon emissions and increasing fuel efficiency, thus redefining the sector. It further allows for combining strengths towards establishing a robust platform to address the growing demand for LNG, and drive innovation, sustainability, and growth in the sector, marking a step forward in India’s pursuit of clean energy. 

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