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ISPRL Explores Developing Natural Gas, Green Hydrogen Reserves in Bikaner, Bina

Indian Strategic Petroleum Reserves Limited (ISPRL) is exploring the possibility of storing natural gas and Green Hydrogen in Bina, Madhya Pradesh, and salt caverns in Rajasthan’s Bikaner as part of a move to diversify its operations beyond crude oil, its Chief Executive Officer (CEO) and Managing Director (MD) LR Jain said.

Jain said that feasibility studies are currently underway and are expected to be completed in the next three months.

The government’s special purpose vehicle (SPV), which manages India’s strategic petroleum reserves, is studying the possibility of creating a 5-million tonne (MT) strategic reserve in Bikaner’s salt caverns and a 1.5-MT strategic reserve in Bina. State-run Engineers India Limited (EIL) is doing the feasibility studies for both the locations and is studying the possibility of storing gas.

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