India remains in a comfortable position on energy security, with adequate stocks of crude oil and natural gas and supplies being replenished regularly, government sources said, according to ANI.
Officials told the news agency that there is no shortage of Liquefied Petroleum Gas (LPG) or Liquefied Natural Gas (LNG) in the country and that crude oil continues to be available in the global market. India is also in contact with multiple suppliers to ensure continuity of imports.
India currently imports about 195 million metric standard cubic metres per day (MMSCMD) of natural gas, of which roughly 60 MMSCMD is sourced from Qatar. Authorities said the government is exploring alternative markets to reduce dependence on a single supplier.
Australia and Canada have offered to supply gas to India, sources said, adding that the government is examining additional supply options to strengthen the country’s energy supply chain.
India has also recently signed new energy agreements with the United Arab Emirates and the United States, which are expected to further diversify supply sources.
Officials said India is engaging with global energy organisations, including the International Energy Agency (IEA) and the Organisation of the Petroleum Exporting Countries (OPEC), to closely track developments in global energy markets.
According to sources, the government is reviewing the energy situation twice daily to remain prepared for potential disruptions.
Discussions are also underway with the United States to facilitate insurance arrangements for ships transporting crude oil and LPG, aimed at ensuring uninterrupted movement of energy supplies.
Sources told ANI that the overall energy situation remains stable for now, while authorities continue to monitor developments in global energy markets.
