Spacenet Enterprises India Ltd and Modern Fuel Technologies have announced a joint venture to execute Liquefied Natural Gas (LNG) projects across India, focusing on establishing LNG gas stations and fuel retail outlets. With India's growing economy and increasing demand for energy, particularly in the clean energy sector, the partnership aims to capitalize on the trend towards natural gas. The project is divided into phases, starting with the establishment of 20 LNG gas stations and fuel retail outlets in the first phase, followed by expanding to 180 stations nationwide. The venture is fueled by the shift towards natural gas as a cleaner alternative to traditional fossil fuels, with a focus on promoting LNG for automobiles due to its higher efficiency and lower emissions. Additionally, the project will involve retrofitting heavy commercial vehicles (HCVs) to use LNG, contributing to energy efficiency and reduced carbon emissions. Supported by a major Russian bank, the collaboration aims to drive the development of modern LNG solutions across various sectors in India, positioning the companies to support the country's transition to sustainable energy sources. This initiative not only aligns with global trends in the LNG market, with projections indicating a significant increase in demand by 2040, but also highlights the commitment of both companies to enhance clean energy infrastructure and promote a more sustainable energy future in India.