Published • loading... • Updated
U.S. Accounts for 67% of India’s LPG Imports, Petroleum Minister Hardeep Puri
India has arranged its first U.S. term supplies and record shipments reached 3.9 million tons through August, officials said.
- Union Petroleum and Natural Gas Minister Hardeep Singh Puri announced that the United States now accounts for 67% of India's LPG imports, marking a dramatic shift in the nation's energy sourcing strategy.
- Before the conflict in West Asia, India imported nearly 60% of its bottled hydrocarbon gas, with approximately 90% arriving via the Strait of Hormuz, creating vulnerabilities that drove diversification efforts.
- At the peak of the crisis, India's oil marketing companies—Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp.—ramped up daily production from 34,000 to 55,000 metric tonnes to offset import disruptions.
- Executives from Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. are currently in the United States negotiating annual contracts to meet the government's target of at least 15% of 2027 imports.
- While the United States remains the top supplier with 3.9 million tons shipped this year, LPG consumption plunged more than 16% to 2.35 million tons last month as shortages pushed households toward alternative fuels.
Insights by Ground AI
13 Articles
13 Articles
US Becomes India’s Largest LPG Supplier, Accounts for 67% of Imports: Hardeep Puri | 📰 LatestLY
The United States has emerged as the largest supplier of liquefied petroleum gas (LPG) to India, accounting for around 67 per cent of the country's LPG imports following supply disruptions linked to the Middle East crisis and the closure of the Strait of Hormuz, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Saturday. 📰 US Becomes India’s Largest LPG Supplier, Accounts for 67% of Imports: Hardeep Puri.
·Mumbai, India
Read Full Article
Union Minister Hardeep Singh Puri said that the US now accounts for 67 percent of India's total LPG imports, up from 10 percent previously. This change is crucial to strengthening energy security and ensuring a steady supply of gas amid geopolitical tensions.
Coverage Details
Total News Sources13
Leaning Left1Leaning Right5Center0Last UpdatedBias Distribution83% Right
Bias Distribution
- 83% of the sources lean Right
83% Right
L 17%
R 83%
Factuality
To view factuality data please Upgrade to Premium
