Union Minister for Petroleum and Natural Gas Hardeep Singh Puri (File Photo)
\n\nIndia has expanded its liquefied petroleum gas (LPG) sourcing from the United States while pushing domestic production to guard against disruptions in international energy supplies, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said. Speaking on the sidelines of the 29th Energy Technology and Innovation Meet in South Goa, Puri said advance planning and efforts to broaden import partnerships helped India respond to supply constraints linked to the Strait of Hormuz crisis.
\n\nThe country has increased the share of LPG imports from the US from an initial 10 per cent arrangement to nearly 67 per cent, while also sourcing supplies from Algeria and other countries. India has simultaneously increased domestic LPG production, strengthening its ability to meet consumer demand during periods of uncertainty in global energy markets.
\n\nPuri explained that India anticipated potential supply disruptions when its traditional suppliers in West Asia faced difficulties. The country subsequently increased purchases from the US and explored additional international sources.
\n\n"When the Hormuz crisis took place, three of your major sources of supply were the Qataris, the Emiratis and the Saudis. Suddenly it looked as if they would not…
Original source: https://www.timesnownews.com/business-economy
