India is actively diversifying its LPG import sources, with the US becoming a major supplier following Middle East disruptions. The US share of India's LPG imports rose significantly, helping mitigate challenges caused by the Strait of Hormuz closure.
India is increasing LPG imports from the US to diversify its supply sources and reduce dependence on the Middle East, especially after the Strait of Hormuz closure disrupted Gulf shipments. US supplies have grown substantially, reaching up to 65% of India's imports in June, helping mitigate supply challenges during the West Asia conflict.
India plans to significantly increase LPG imports from the US, potentially doubling current volumes, to diversify its energy sources away from the Gulf. This move aims to bolster strategic reserves and ensure supply security amid geopolitical tensions.
India plans to significantly increase LPG imports from the US, potentially doubling current volumes, to diversify its supply chain and reduce reliance on Gulf nations. This move aims to bolster strategic reserves and ensure energy security amidst geopolitical tensions.
India's LPG imports from the U.S. are projected to exceed 1 million metric tons in June, a record high, due to Middle Eastern supply disruptions. Despite higher costs, this surge ensures cooking gas availability, while domestic production and alternative routes are being explored to stabilize the market.
India's US LPG imports are projected to exceed 1 million tonnes in June, a record high, due to Middle Eastern supply disruptions. This shift increases costs but ensures cooking fuel availability for households.
India's LPG imports from the U.S. are projected to exceed 1 million metric tons in June, a record high, due to Middle Eastern supply disruptions. This shift to costlier U.S. suppliers aims to ensure uninterrupted cooking gas for households, while domestic production and alternative routes are being boosted.
India has diversified its LPG imports by sourcing from the US, Iran, Argentina, Chile, France, and the Netherlands to reduce dependence on the Middle East following energy supply disruptions. Despite rising global prices, domestic consumers were shielded, though commercial users saw significant price hikes, leading to substantial losses for fuel retailers.
Russia supplied 1.6 million barrels per day of crude to India in April, maintaining its position as the top source despite a 20% drop from March. India imported nearly 4.4 mbd total, down from 4.5 mbd in March and 85% of February's 5.2 mbd, amid ongoing Strait of Hormuz disruptions. India resumed imports from Iran (130,000 bpd) after a 5-year gap and Venezuela (290,000 bpd) after 11 months to compensate for reduced Gulf supplies. LPG imports fell to under 1 million tonnes, down 16% from March, with domestic production increasing 30%.
