India Strategic LNG Emergency Reserves Expansion

planned

The Government of India is fast-tracking a plan to build its first emergency strategic Liquefied Natural Gas (LNG) reserves by mandating LNG terminal operators to expand and use storage capacity at existing import terminals. This involves a regulatory mandate to maintain an LNG storage buffer of 10% above standard commercial operational requirements, reserved for government use during supply shocks. The project will be funded through a public-private toll recovery mechanism allowing terminal operators to raise regasification tolls to recover capital expenditure.