A report cited by Indian media says India’s strategic oil reserves provide coverage for roughly 9 to 10 days of the country’s crude oil imports. The report, released by the Council on Energy, Environment and Water (CEEW) and discussed across outlets, argues that the level of reserves is comparatively low when measured against other major import-dependent economies. It notes that countries such as Japan and South Korea maintain reserves sufficient for more than 200 days. The reporting also highlights vulnerabilities in India’s broader energy security posture. While India imports a significant share of its gas supply in the form of LNG, the report says the country does not have dedicated strategic gas storage facilities. As a result, sectors that rely on gas—including fertiliser plants and city gas networks—are described as being exposed to disruptions in supply. Overall, the sources present the findings as a gap in preparedness for supply shocks and as a contrast with reserve practices in other countries that depend heavily on imported energy.
India’s strategic oil reserves cover about 9–10 days of crude imports, report says
A report cited by Indian media says India’s strategic oil reserves provide coverage for roughly 9 to 10 days of the country’s crude oil imports. The report, released by the Council on Energy, Environm...
- A CEEW report says India’s strategic oil reserves cover about 9–10 days of crude oil imports.
- The report contrasts India’s reserves with Japan and South Korea, which it says hold reserves for over 200 days.
- India imports nearly half of its gas supply as LNG, according to the reporting.
- The report says India lacks dedicated strategic gas storage facilities.
- Sectors relying on gas, including fertiliser plants and city gas networks, are described as exposed to supply disruptions.
For gas, India imports nearly half its supply as LNG but has no dedicated strategic gas storage facilities, leaving fertiliser plants and city gas networks exposed, the report said.
2 months agoThe report released by the CEEW said other countries that rely heavily on crude imports – such as Japan and South Korea – maintain reserves sufficient for over 200 days
2 months ago
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