India Looks To Create Strategic Coal And Gas Reserves

One of the world’s largest energy consumers and importers, India, is weighing the possibility of keeping strategic reserves of imported coal and natural gas in order to fend off future supply and price shocks, according to a senior government official.   Although it is a major coal producer, India is currently grappling with a coal shortage and surging import prices of both coal and liquefied natural gas (LNG) amid a global energy crunch from Europe to Asia. “So let us start thinking and discussing about keeping a strategic reserve…