India Expands LNG Sourcing From 6 to 15 Countries to Cut Supply Risks: Govt

India expands LNG sourcing network from 6 to 15 countries, crude oil from 27 to 41 amid geopolitical risks

India has expanded its LNG sourcing network from 6 to 15 countries and crude oil sourcing from 27 to 41, the government told Rajya Sabha. The move aims to reduce dependence on specific suppliers and transit routes amid geopolitical risks.

India diversifies energy sourcing amid geopolitical risks; taps 15 countries for LNG, 41 for crude

India is expanding its energy import portfolio for both LNG and crude oil, striving to diminish reliance on any singular market or transport path. Additionally, the government is boosting domestic crude oil storage with new infrastructure. These strategies equip India to better handle supply interruptions and market fluctuations, ultimately strengthening the nation's resilience to global energy shocks.

India Expands LNG Sourcing to 15 Countries Amid Geopolitical Supply Risks: Govt

Get latest articles and stories on Business at LatestLY. India has expanded the number of countries from which it sources liquefied natural gas (LNG) from six to 15 as part of efforts to reduce the risk of supply disruptions caused by geopolitical tensions and maritime transit challenges, the government informed the Rajya Sabha on Monday. Business News | India Expands LNG Sourcing to 15 Countries Amid Geopolitical Supply Risks: Govt.

India expands LNG sourcing from 6 to 15 countries to cut supply risks: Govt

India has nearly trebled its liquefied natural gas suppliers to fifteen countries. The nation also broadened its crude oil sourcing network to forty-one countries. This diversification reduces dependence on any single supplier or transit route. India is also expanding its strategic petroleum storage capacity to manage supply shocks. These measures strengthen the country's energy supply resilience against disruptions.

India expands LNG sourcing to 15 countries amid geopolitical supply risks: Govt - The Tribune

India has expanded the number of countries from which it sources liquefied natural gas (LNG) from six to 15 as part of efforts to reduce the risk of supply disruptions caused by geopolitical tensions and maritime transit challenges, the government informed the Rajya Sabha on Monday.