India mulls building strategic natural gas storage facilities

The aim is to have a substantial gas stockpile that can be utilised during emergencies and supply disruptions. It would also serve as a safeguard against extreme price volatility in the international market. The idea is still in the preliminary stage, and discussions have taken place with global players specialising in gas storage, according to

Europe’s plan to wean itself off Russian gas faster

The European Commission will next week propose plans to reduce Europe’s reliance on imported gas from Russia and make countries’ energy systems more resilient to supply shocks or price spikes. The invasion of Ukraine by Russia, the European Union’s top gas supplier, has sharpened concerns over supply disruptions and increased scrutiny of countries’ reliance on