• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

203-656-1143

alebow@commodityresearchgroup.com

Commodity Research Group

AN INDEPENDENT COMMODITY RESEARCH GROUP

  • About Us
  • Our Associates
  • Research
  • Press
  • Podcast
    • All Episodes
    • Monthly Oil Market Report
    • Talkin’ EIAs
  • Blog
Contact Us

India’s planned SPR, Consumption… EIA

You are here: Home / Uncategorized / India’s planned SPR, Consumption… EIA

July 20, 2016 by Jim Colburn Leave a Comment

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:

image

 

 

 

Category iconUncategorized


 

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

 


Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • Podcast: January 2025 Oil Market Analysis
  • Podcast: September 2024 Oil Market Analysis
  • Podcast: June 2024 Oil Market Analysis
  • Podcast: April 2024 Oil Market Analysis
  • Podcast: February 2024 Oil Market Analysis
  • Podcast: January 2024 Oil Market Analysis
  • Podcast: June 2023 Oil Market Analysis

Footer

Get in touch

Get professional market research now.

203-656-1143

alebow@commodityresearchgroup.com

Resources

  • Research
  • Press
  • Podcast
  • Blog
Copyright © 2026 Commodity Research Group. All rights reserved. Developed by EKT Interactive. Return to top