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Times of India·3 min read·medium

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

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India diversifies energy sourcing; taps 15 countries for LNG, 41 for crude
✦AI Summary

India has significantly diversified its energy import sources, now procuring LNG from 15 countries and crude oil from 41 nations. This strategic shift aims to mitigate risks associated with geopolitical tensions and supply chain disruptions.

Why it matters

Diversification enhances national energy security and reduces vulnerability to regional conflicts and market volatility.

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India has sharply widened its energy import base, sourcing liquefied natural gas (LNG) from 15 countries, up from six, and crude oil from 41 countries, compared with 27 earlier, as per govt's statement to Rajya Sabha. The move comes as geopolitical tensions and disruptions along key maritime routes raise concerns over the reliability of energy supplies.The ministry of petroleum and natural gas told the upper House on Monday that the broader sourcing network was intended to limit India's exposure to disruptions in any single market or shipping route.

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