India May Use Old Hydrocarbon Wells To Store Natural Gas: GAIL Official
NDTV
India has five million tonnes of strategic petroleum reserves but no storage facilities for natural gas.
India is looking at building its first strategic natural gas reserves by using old, depleted hydrocarbon wells to store the fuel and hedge against global supply disruption, a senior executive of natural gas company GAIL Ltd said on Friday.
The strategic facilities would be built in phases with an initial capacity to store three to four billion cubic meters (bcm) of gas, Sumit Kishore, an executive director at GAIL, told reporters at an industry event.
India has five million tonnes of strategic petroleum reserves but no storage facilities for natural gas. Companies together currently hold two bcm of gas in pipelines and liquefied natural gas tanks for commercial use.
