Safety of Operations:
LNG, while a clean and efficient energy source, requires careful handling due to its cryogenic nature. Safe storage solutions ensure that LNG is stored and handled in a manner that minimizes the risk of accidents, leaks, or spills, which could have catastrophic consequences for both human safety and the environment.
Prevention of Environmental Incidents:
Robust storage facilities with proper containment systems and safety measures help prevent leaks or spills.
Protection of Investment:
Safe storage solutions protect these investments by reducing the risk of asset damage, downtime, or financial losses resulting from accidents or emergencies. Reliability in storage facilities ensures continuous operations, optimizing the return on investment over the facility's lifespan.
Compliance to Regulations:
LNG storage is subject to stringent regulations and standards in INDIA to ensure safe operations and environmental protection. Knowing the rules and regulations of the land helps to comply with these regulations, avoiding legal penalties, reputational damage, and operational disruptions associated with non-compliance.
Public Confidence:
Safe and reliable storage facilities enhance public confidence in LNG as a fuel source. By demonstrating a commitment to safety and environmental stewardship, companies can build trust with communities, stakeholders, and regulatory authorities, fostering positive relationships and mitigating opposition to LNG projects.