The liquefied natural gas (LNG) supply disruption due to the closure of the Strait of Hormuz amid the West Asia war has underscored the need for having more LNG storage capacity in India to cushion geopolitical and supply shocks, and all stakeholders in the sector are now serious about increasing the capacity by adding more storage tanks, according to the chief executive of India’s largest LNG importer Petronet LNG. “Definitely, taking cue from this present crisis, all stakeholders are seriously thinking about increasing the storage capacity…I’m quite sure that very soon you will seeing activity in this regard,” Petronet LNG CEO A K Singh told reporters on Monday, adding that the company already has firm plans to increase its cryogenic LNG tanks by about 70%. Singh added that there is “serious movement” in this regard even at the government level, and hopefully, the “lessons learnt” from the current crisis will lead to creation of additional LNG stockpiles in the country.…