Hormuz Crisis Prompts India to Diversify Gas Sources

India is facing a gas supply crisis for cooking fuel due to disruptions linked to the Strait of Hormuz, where it previously imported around 90% of its gas from the Middle East before wars and tensions caused supply interruptions. In response, the government has set a daily target to produce 63,810 tons of LPG to boost domestic supplies and build emergency reserves, requiring companies to develop the necessary infrastructure to ensure distribution and storage. This move is part of broader efforts to diversify sources and reduce dependency on Middle Eastern imports, especially from the United States, which aims to supply 25% of its imports by 2027. The goal is to enhance energy security and minimize economic risks associated with fluctuations in global markets.

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