Amidst the ongoing tension in West Asia, important information has come to light regarding India’s energy security. Former Indian Ambassador to UAE Sanjay Sudhir has said that the current situation is very uncertain and this is having a deep impact on LPG supply. India imports 62 percent of its LPG requirement and 90 percent of this comes from Gulf countries. The government is already taking proactive steps to deal with this crisis so that more than 34 crore families of the country do not have to face gas shortage.
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LPG supply and India’s dependence on Gulf countries
India meets 62 percent of its LPG requirements through imports. 90 percent of the country’s LPG imports are from Gulf countries. LPG is used in more than 34 crore homes in India. There is a threat to the supply chain due to the possibility of closure of the Strait of Hormuz.
Relief news and current situation
Amidst this atmosphere of uncertainty, a relief news has come that an Indian LPG carrier ship has safely crossed the Strait of Hormuz. According to former diplomats, this is a big relief as two more ships are on the way. Due to this regional tension that started from February 28, LPG is being affected the most compared to the rest of the hydrocarbon sector. Due to the activeness of the government, every effort is being made to restore the supply so that the general public does not face any problem.