India's gas regulator pitches for building natural gas storage - Reuters
India's gas regulator pitches for building natural gas storage | Reuters
India's gas regulator pitches for building natural gas storage
- Companies
BENGALURU, July 10 (Reuters) - India should build storage for natural gas to boost the use of cleaner fuel in the country and hedge against global price volatility, A. K. Jain, chairman of the Petroleum and Natural Gas Regulatory Board, said on Monday.
He said India should have natural gas storage that allows suppliers to build stocks when prices are low. That will also help in meeting higher demand from the industries, he added.
"For market dynamics and supply assurance for the customers to shift to gas, (we) require gas storage," Jain told reporters at an event.
India has 5 million tonnes of strategic petroleum reserves but no storage facilities for natural gas yet.
The country aims to raise the share of natural gas in its energy mix to 15% by 2030, from about 6.5% now.
Our Standards: The Thomson Reuters Trust Principles.
Related Knowledge Center: Air emissions
More than 30 years after the last major update of the Clean Air Act, the U.S. Supreme Court has upended the ability of Congress to give the Environmental Protection Agency and other federal agencies broad scope to combat air pollution, including the emission of greenhouse gases. Meanwhile, further Biden administration efforts to limit emissions face opposition in the courts.