India to build underground gas storage

Thursday, 27 January 2005, 08:00 Hrs
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NEW DELHI: After deciding to set up underground fuel reserve for use in emergency, the Government has agreed to develop underground natural gas storage facilities as a backup against disruption and supply shortfall.

The underground facility will be built by Oil and Natural Gas Corporation and Gas Authority of India Limited through a special purpose vehicle and French state owned utility Gaz de France will be the consultant.

The underground facility will act as a strategic storage and fallback support to provide supply security.

Source: IANS
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