 "Gas regulator to pitch for building gas storage to boost clean fuel usage")
By Nidhi Verma
BENGALURU (Reuters) - India should build storage for natural gas to boost the use of cleaner fuel in the country and hedge against global price volatility, Chairman of Petroleum and Natural Gas regulatory board A. K. Jain said on Monday.
"For market dynamics and supply assurance for the customers to shift to gas 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.
(Reporting by Yagnoseni Das in Bengaluru; Editing by Janane Venkatraman)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app