Branch2 Intelligence
India begins work on strategic natural gas storage after West Asia crisis
Key takeaway
India launches strategic natural gas storage evaluation after West Asia crisis, aiming to buffer supply shocks.
- Step 1India evaluates strategic gas storage to buffer supply shocks after West Asia crisis.
- Step 2India's storage fill increases LNG import demand, tightening global LNG market.
- Step 3Tighter global LNG market supports European and UK gas prices, raising UK SME energy costs.
Source: IN:The Hindu BusinessLine
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