India wants to build its own gas storage facilities 13:48

India wants to set up its own gas storage facilities to increase its share of cleaner fuel usage. This was expressed by Anil Kumar Jain, Chairman of the State Council for the regulation of oil and gas, transmits The Economic Times newspaper.

“Natural gas storage will allow suppliers to build up stocks when prices are low and will also help meet high demand from the industry,” said Kumar Jain.

According to him, the construction of new storage facilities will also increase the dynamics of fuel supply to the country. In turn, consumers will have more opportunities to switch to gas.
According to the newspaper, India has 5 million tons of strategic oil reserves, but no gas storage. In addition, Indian authorities want to increase the share of gas in the energy balance from 6.5% to 15% in 7 years.

In early July, Raj Kumar Singh, head of the country’s Ministry of Energy and Renewable Energy, declarationIndia was about to impose restrictions on green hydrogen trade in response to restrictions imposed by other countries.

Previously reportedHe said the heat wave in Asia has increased demand for coal, gas and fuel oil from Russia.

Source: Gazeta


More from author

China suspends arms control talks with US over Taiwan 12:03

Due to US arms sales to Taiwan, China has suspended consultations with the US on arms control and non-proliferation. This was stated during a...

UnionPay RSHB cardholders warned about difficulties in making payments abroad 12:11

Rosselkhozbank (RSHB) UnionPay cardholders abroad may face difficulties starting July 19. This was reported by TASS regarding the bank. According to the support operator, cardholders...

Smoke screen deployment exercise held in Sevastopol 12:24

Smoke screen exercises were held in the Sevastopol Bay. This was stated in his statement by the city governor Mikhail Razvozhaev. Telegram channel. "The squadron...

Southern Russia warns of risk of power outages 12:24

Deputy Head of the Ministry of Energy of the Russian Federation Evgeny Grabchak on air of TV channel "Russia 24"It is stated that risks...