India to buy LPG from Russia? MEA says will ensure ‘people’s fuel needs are met’ | India News

New Delhi is seeking to diversify its LPG supply sources, including considering purchases from Russia, to ensure sufficient fuel availability for consumers. The move comes as escalating tensions in the Middle East disrupt global energy supply chains.

Expanding Energy Options

Ministry of External Affairs spokesperson Randhir Jaiswal stated on Thursday that the government is “trying to buy LPG from everywhere, wherever it’s available,” and that Russia is among the potential suppliers being considered. Jaiswal emphasized the need to “ensure that our people’s fuel needs are met” given the current global situation.

Did You Know? India has been supplying diesel to Bangladesh since 2007 through various modes of transportation.

India is also responding to energy requests from neighboring countries, including Bangladesh, Sri Lanka, and the Maldives. Assistance to these nations is being provided while considering India’s own energy requirements and refining capacity.

Regional Energy Cooperation

The Ministry of External Affairs indicated that India will continue to assist Bangladesh and other neighboring countries with their energy needs. This assistance has been ongoing since 2007, with diesel being supplied through various transportation methods.

Expert Insight: Diversifying energy sources, even amidst geopolitical instability, is a common strategy for large economies to safeguard their populations and maintain economic stability. The willingness to consider Russian LPG highlights the prioritization of domestic needs in the face of global supply disruptions.

Consumers are being urged to leverage LPG judiciously and explore alternative cooking options. State governments are also taking steps to prevent hoarding and black marketing of LPG cylinders.

Frequently Asked Questions

What is driving India’s search for new LPG suppliers?

Escalating tensions in the Middle East, involving Iran, the United States, and Israel, are disrupting global energy supply chains, prompting India to seek alternative sources.

Which countries have requested energy assistance from India?

Bangladesh, Sri Lanka, Maldives, and other neighboring countries have requested energy assistance from India.

What steps are being taken to address potential LPG shortages?

State governments are conducting raids to prevent hoarding and black marketing of LPG cylinders, and consumers are being encouraged to use LPG judiciously and explore alternative cooking fuels like kerosene and coal.

As global energy markets remain volatile, how might India’s energy policy adapt to ensure a stable supply for its growing population?

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