As India’s energy imports increase, India plans a strategic petroleum reserve… From EIA’s Today in Energy:(http://www.eia.gov/todayinenergy/detail.cfm?id=27132)
“In response to India’s increasing reliance on petroleum imports, India plans to bring online the country’s first strategic petroleum reserve (SPR). The first phase of India’s SPR includes three locations (Visakhapatnam, Mangalore, and Padur) in southern India with a combined capacity of 39.1 million barrels of crude oil. The Visakhapatnam facility on the eastern coast began filling its underground caverns last summer. The Mangalore and Padur facilities are expected to be completed in late 2016, according to FACTS Global Energy. Once filled, these three facilities would provide an estimated 13 days of net oil import coverage, based on 2015 consumption and production data.”
“India’s ultimate goal is to have an SPR that provides 90 days of net import coverage. The Indian government unveiled plans to add another 91 million barrels of SPR capacity in a second phase by 2020, although these facilities are still in the planning phase. The Indian Strategic Petroleum Reserves Limited (ISPRL), a special-purpose legal entity owned by the Oil Industry Development Board, would manage all of the SPR facilities.”
And this chart shows the rapid growth in energy consumption:
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