India is seriously exploring strategic storage facilities gas across the West coast, and studies for this are in an advance stage, sources said. Exhausted oil wells across the West cost of the country may be used for the purpose, they added.
According to the information, GAIL and ONGC have conducted studies which are almost complete and a notice inviting tender for the same is expected to come out soon. However, it is immediately clear which entity will be floating out the tenders.
