LNG terminals may need to raise storage 10%
New Delhi: India plans to require all liquefied natural gas (LNG) import terminals to build 10% extra storage capacity, which the government can tap during supply or price shocks.
The oil ministry has issued a draft proposal to amend registration rules for LNG terminals under the Petroleum and Natural Gas Regulatory Board (PNGRB).
“An entity seeking registration to operate LNG terminal… shall also have a credible plan for maintaining the storage capacity for LNG,” the ministry has proposed in the draft.
