All posts tagged: strategic petroleum reserves

Govt asks state fuel retailers to build LPG reserves for 30 days of demand

Govt asks state fuel retailers to build LPG reserves for 30 days of demand

The Centre has directed state-run oil marketing companies (OMCs) to prepare plans for expanding liquefied petroleum gas (LPG) storage capacity to cover at least 30 days of demand, amid concerns over supply disruptions caused by the ongoing conflict in West Asia. The move comes as India seeks to strengthen its energy security and reduce vulnerabilities arising from geopolitical tensions in a region that remains a key source of the country`s energy imports. Oil ministry directs OMCs to enhance LPG storage Speaking to reporters on Friday, Petroleum Ministry Joint Secretary Sujata Sharma said the government has asked public sector fuel retailers to work on creating larger LPG reserves. “We are working on strategic reserves. Oil marketing companies have been asked to formulate plans to maintain LPG reserves for a minimum of 30 days, and they are currently working on it,” Sharma said. The directive has been issued to major state-owned fuel retailers — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) — which dominate India`s fuel distribution network. According …

Energy security, Iran war and more: What’s on cards for PM Modi’s key visit to the UAE?

Energy security, Iran war and more: What’s on cards for PM Modi’s key visit to the UAE?

Prime Minister Narendra Modi will begin his five-nation tour on Friday, with his first stop being in the United Arab Emirates. The prime minister’s visit to the UAE comes as the region finds itself in the crossfire amid the ongoing US-Israeli war on Iran. The prime minister’s visit to the UAE comes as the region finds itself in the crossfire amid the ongoing US-Israeli war on Iran. (REUTERS) As per the Ministry of External Affairs, Modi will be visiting a total of five nations in the next six days. On May 15, the PM will land in the UAE for a short visit, before leaving for the Netherlands. Also Read | WFH for two days, no foreign travel for govt officials: Delhi govt’s big move amid US-Iran war fallout After the Netherlands, the prime minister will visit Sweden and Norway, with the last stop on the tour being Italy. What’s on agenda for Modi’s UAE visit? As per people familiar with the matter, energy security will be a key focus area during PM Modi’s visit …