South Korea-based liquefied natural gas (LNG) infrastructure and clean fuels company GasEntec is planning its first project in India, a senior official told Infralogic.

The project value will be at least USD 200m, the company’s President, Manoj Narender Madnani said, without divulging details. He was speaking with Infralogic on the sidelines of the India Energy Week in Goa last week, hosted by India’s Ministry of Petroleum and Natural Gas.

“We’re operating from the point of view that currently, if there is no terminal, we can put our regasification unit onshore,” he said.

GasEntec has a “truck-able solution which is currently working in South Korea”, that allows it to transport LNG in container trucks, said Madnani.

The company is in discussions with a hyperscale data centre provider to supply LNG, he said, adding that GasEntec views India as strategic to its plans, and is entering the country with a strong intent to establish partnerships and integrate itself into local supply chains.

The company aims to be able to announce its first project in about three months, Madnani said.

Indian LNG imports totalled a record 26 mmpta in 2024, accounting for more than half of the country’s gas consumption.

Demand is likely to exceed 37 mmtpa by 2030 and 88 mmtpa by 2050, as India’s demand for gas rises while its domestic production shrinks due to structural declines in mature fields and delays in the development of new projects, according to analysts at research and consulting group Wood Mackenzie.

By 2032, LNG should account for around two-thirds of India’s gas consumption, and the country will be the third largest importer of the fuel after China and Japan, the analysts wrote in a note last year.

The government aims for the share of natural gas to contribute 15% of the country’s energy mix, up from 6%. The global average is about 24%.

“We’re looking at the Indian opportunity aggressively as we want to be part of the energy poverty, energy security narrative, and help the government achieve its goals,” said Madnani.

In addition to the current demand from transportation and domestic use, Madnani pointed to the incremental future demand from AI and digitisation, saying LNG must be considered as a dynamic and flexible clean energy source.

Founded in Busan in 2006, one of GasEntec’s key projects was the delivery of a small-scale floating regasification unit in Bali, the first such modular LNG deployment, according to the company’s website.

With more than 16 completed projects, and a portfolio of global patents, GasEntec specialises in modular, mobile solutions across floating, onshore, and scalable projects, from small- to global-scale applications.