MoneyWorks4Me

Petronet pitches for LNG as auto fuel

10 May 2011 Evaluate

Petronet LNG Ltd (PLL) wants to tap the transport sector by selling LNG as auto fuel. At present, PLL is selling LNG for use by power plants, fertilizer and CNG companies.PLL, which has the license to sell gas, has approached vehicle manufacturers such as Ashok Leyland and Tata Group to make buses that run on LNG (liquefied natural gas).

Internationally, it has been proven that vehicles can run on LNG. The US and China operate buses on LNG. In fact, LNG can also cool the engine, which in turn will reduce the load on air-conditioning system. Compared to LPG cylinders used for transport sector, for a medium size vehicle, a LNG-run vehicle gives marginally higher mileage – of half to 1 km more per mBtu.

Peers
Company Name CMP
Petronet LNG 284.45
Linde India 6200.00
IRM Energy 267.95
Steamhouse India 113.92
Nilachal Carbo Metal 125.00
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