India’s Biggest Risk In Iran War Is LPG, Not Crude Oil

Описание: A report says that India’s biggest vulnerability during the ongoing Iran conflict may be cooking gas (LPG) rather than crude oil.

About 90% of India’s LPG imports pass through the Strait of Hormuz, a narrow 40-km route now threatened due to the conflict involving Iran.

India currently has 21 to 30 days of LPG stock, while alternative supplies could take more than a month to arrive. The Petroleum Ministry of India has asked oil refiners to prioritise LPG supply for domestic customers and is exploring emergency sourcing options.

The Government of India has clarified that there is no shortage of LPG or LNG at the moment. Talks are ongoing with Australia, Canada, UAE and the United States for additional supply.

Meanwhile, India’s crude oil situation is more comfortable with over 15 million barrels of Russian oil on tankers nearby after a US sanctions waiver.

#IndiaLPG #StraitOfHormuz #IndiaEnergy #CookingGas #IranConflict #OilCrisis #EnergySecurity #IndiaNews #BreakingNews #WorldNews

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