India Increases LPG Imports from the US Amid Gulf Supply Challenges
India leans on US for LPG amid few alternatives to replace Gulf supplies
Business Standard
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India is significantly increasing its imports of liquefied petroleum gas (LPG) from the United States as supplies from Gulf exporters have sharply declined. With few alternatives available globally, this shift highlights India's reliance on US energy resources.
- 01India is sourcing the highest volumes of LPG from the US.
- 02Imports from major West Asian suppliers have sharply declined.
- 03Limited global alternatives are available for LPG supply.
- 04The shift underscores India's energy dependency on the US.
- 05This trend reflects the ongoing challenges in the Gulf region.
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India is increasing its imports of liquefied petroleum gas (LPG) from the United States due to a significant decline in supplies from key Gulf exporters. In April, imports from the US reached record levels, as the country faces limited alternatives for LPG globally. This shift not only emphasizes India's growing dependency on US energy resources but also highlights the challenges posed by the current geopolitical situation affecting Gulf supplies. The decline in imports from West Asian suppliers signals a critical need for India to diversify its energy sources, but with few options available, the reliance on the US is likely to continue.
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The increased reliance on US LPG may affect domestic prices and energy security for consumers in India.
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