As India diversifies to bridge the Strait of Hormuz, energy imports from Africa continue to grow. india news
Officials said India has diversified its sourcing of crude oil and gas to address shortages caused by the disruption in the Strait of Hormuz, while prioritizing LPG and LNG supplies to keep retail consumers and critical sectors unaffected. “Energy availability has definitely improved and we are in a much better position than we were a month ago,” said Sujata Sharma, joint secretary in the petroleum ministry.
India imports 5.5-5.6 million barrels of crude oil per day; Before the conflict, 40–45% came through the strait. For LPG, India meets about 60% of its 31 million tonne annual demand through imports, with 90% met through the strait. Natural gas consumption is 191 MMSCMD, of which 51% is imported, about 60 percent from West Asia.Another official said India is using the US, Russia, Canada, Norway and West African countries like Nigeria, Algeria and Angola for LPG and countries like Cameroon, Equatorial Guinea and Mozambique for LNG. Cargo has already been procured from some sources, while negotiations with others are in the final stages.
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Officials said imports from Africa have been rising steadily, even as West Asia remains dominant. India has diversified its crude oil sourcing from 27 to 41 countries in a decade, reducing its dependence on the Strait from 45 percent to about 30 percent.Sharma said, adequate stock of petro products and LPG is available. The delivery time for domestic cylinders has increased to 4-5 days due to panic booking, but no dry-out has been reported, and the timeline is expected to reduce soon.