Written by 8:09 am Business

Spacenet `Enterprises India Ltd and Modern Fuel Technologies to Enter Joint Venture for Nationwide LNG Project Execution

Hyderabad (Telangana) [India]: Spacenet Enterprises India Ltd, a listed company on NSE (Symbol-SPCNET) and Modern Fuel Technologies, a leading Russian company, are pleased to announce a joint venture aimed at executing Liquefied Natural Gas (LNG) projects across India.

As India emerges as one of the fastest-growing economy in the world and is poised to be one of the top three economic powers in the next 10-15 years, the demand for energy is set to rise exponentially. This growth is coupled with a significant shift towards clean energy, driven by high-polluting sectors moving towards natural gas. This joint venture as proposed is positioned to capitalize on this trend by developing LNG infrastructure across the country.

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