Indian Oil Minister Hardeep Puri Visits Qatar to Secure LNG and LPG Amid Fuel Crisis
Hardeep Puri heads to Qatar to secure LNG, LPG supply amid fuel crisis
Business Standard
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Indian Oil Minister Hardeep Puri is visiting Qatar for two days to negotiate priority gas delivery and expedite cooking fuel supplies amid a fuel crisis. India relies heavily on Qatar for liquefied natural gas (LNG) and liquefied petroleum gas (LPG), with the Gulf nation facing export challenges due to recent conflicts.
- 01Hardeep Puri's visit to Qatar aims to secure priority gas supplies for India.
- 02India imports half of its natural gas and two-thirds of its LPG, primarily from West Asia.
- 03Qatar supplies 45% of India's LNG and 20% of its LPG.
- 04The recent war in the Persian Gulf has triggered supply shortages and rising prices in India.
- 05The ceasefire between the US and Iran may impact gas exports through the Strait of Hormuz.
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Indian Oil Minister Hardeep Puri is on a two-day visit to Qatar, seeking to secure priority liquefied natural gas (LNG) and liquefied petroleum gas (LPG) supplies for India amid a significant fuel crisis. India depends on imports for 50% of its natural gas and two-thirds of its cooking fuel, with Qatar being its largest supplier, providing 45% of LNG and 20% of LPG. The recent six-week conflict in the Persian Gulf has resulted in industrial supply shortages and rising prices in India. Qatar has declared force majeure on gas exports following attacks on its export facilities, indicating a potential long recovery period. Puri's trip comes shortly after a tentative ceasefire agreement between the US and Iran, which may influence gas traffic through the critical Strait of Hormuz. Puri is expected to urge Qatar to expedite gas supply and prioritize India in its deliveries.
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The visit aims to ensure a stable supply of cooking fuel and natural gas, which could help mitigate rising prices and supply shortages affecting households and industries in India.
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