A Memorandum of Understanding is signed between IWAI and MOL (Asia Oceania) Pte. Ltd for transportation of LPG (Liquified Natural Gas) through barges on National Waterways-1 and National Waterways-2.
- MOL Group is a Hungarian multinational oil and gas company headquartered in Budapest.
- MOL Group is the world’s largest gas carrier company and will invest for construction and operation of dedicated LPG barges under Make-in-India initiative of the Government of India.
- Presently, 60% of the LPG is moved through road to the various locations with a cost of Rs. 5 to 6 per metric tonne per kilometre, which the oil companies are interested in reducing.
- Also at times, there are issues of strikes by transporters, road blockages which cause delay in transportation. Therefore, the main area of interest for the companies is to use waterways to have a cheaper alternative to the existing mode of transportation, which is also cleaner and greener mode.
