India's Energy Reliance on Middle East Amid Strait of Hormuz Situation

Why the Middle East still beats all other options in India’s energy basket

India's energy sector is closely watching the Strait of Hormuz situation, highlighting a continued reliance on the Middle East for crucial LPG supplies. While alternative sources like the US were tapped during disruptions, they couldn't fully bridge the gap. Higher LNG prices also impacted demand, with a return to more favorable rates expected to boost consumption. This crisis underscores India's energy sourcing vulnerabilities.

By TOI BUSINESS DESK