All content tagged with “Energy Security” - 50 items
Petronet LNG has invoked force majeure on LNG supplies from QatarEnergy after security concerns linked to the Iran–Israel conflict disrupted tanker movement through the Strait of Hormuz.
Iran’s Foreign Minister Abbas Araghchi said Strait of Hormuz remains open for international shipping but vessels linked to the US and Israel will not be allowed to pass through it.
BRICS New Delhi Declaration asserted that energy security is crucial for economic development, national security and welfare of all the nations.
Senior G20 leaders are going to converse about energy security worldwide, while also focusing on building infrastructure and supply chains.
As India seeks cleaner and more affordable alternatives to diesel for heavy-duty transport, LNG offers a compelling bridge fuel with the potential to cut import costs, reduce emissions and strengthen energy security.
India incurred an estimated $22.5 billion in additional fossil fuel import costs between March and August 2026 amid the West Asia conflict, with the global impact exceeding $330 billion, according to the analysis.
India’s energy demand could expand 2.5 times by 2047, accounting for nearly 25% of incremental global demand, Union Minister Hardeep Singh Puri said.
Iran and Oman have agreed on a phased framework for a temporary shipping corridor through the Strait of Hormuz, alongside a joint mine-clearance initiative.
The Strait of Hormuz has seen a sharp decline in vessel traffic following the escalation of the West Asia conflict, disrupting the movement of oil, LNG and other commodities. The waterway previously handled nearly 20% of global oil and LNG exports, making the prolonged disruption a major concern for global energy security.
India and Mauritius have exchanged a G2G MoU on oil and gas cooperation, alongside a five-year agreement under which IOCL will supply Mauritius’ entire import requirement of MS, HSD and ATF.
The United States has established a maritime shipping corridor across the Strait of Hormuz to facilitate crude oil shipments amid the ongoing conflict with Iran. The corridor is supporting nightly movement of 15 to 20 tankers, with oil exports from the Gulf reaching nearly 10 million barrels per day.
India hosted the eighth BRICS Youth Energy Summit 2026 virtually under its BRICS Chairship, with more than 100 participants discussing energy security, access, sustainability, technology and innovation.
Brent crude futures rose 0.85% to $91.79 a barrel, while WTI climbed 1% to $85.79 amid uncertainty over vessel movement through the Strait of Hormuz and ongoing supply disruptions.
Iran and Oman have reached an understanding on a vessel transit route through the Strait of Hormuz, with details of a joint statement still being finalised.
The Ministry of External Affairs said India remains focused on diversified energy sourcing to safeguard national priorities amid supply chain disruptions caused by the ongoing West Asia conflict.
Shipping traffic through the Strait of Hormuz fell to six vessels on Monday, below the 10-day average of roughly 11, amid renewed uncertainty over a potential US-Iran peace deal.
Global oil prices rose on Friday, with Brent crude climbing above $83 per barrel, as renewed tensions in West Asia reignited concerns over potential disruptions to global energy supplies through the Strait of Hormuz.
Iran and Oman have reached a provisional understanding on a new shipping route through the Strait of Hormuz, with a joint statement expected once final details are settled, although Tehran cautioned that the agreement would not immediately ensure safe navigation.
Vessel movement through the Strait of Hormuz declined to 15 crossings on August 3 from 19 a day earlier, while traffic through the Bab el-Mandeb Strait dropped to a two-month low amid renewed maritime security concerns, according to an S&P Global report.
Shipping activity through the Strait of Hormuz and Bab el-Mandeb Strait rebounded on July 29, while increasing dark vessel activity and a buildup of VLCCs at Egypt's Sidi Kerir highlighted continued security and logistical challenges.
India has urged an immediate de-escalation of hostilities in the Strait of Hormuz at the UN Security Council, calling for unrestricted maritime trade and safe navigation while highlighting the region's importance to the country's energy security and trade.
Oman has proposed a joint management framework with Iran for the Strait of Hormuz, including a transit fee mechanism, as diplomatic efforts continue following a pause in US-Iran hostilities.
Crude oil prices climbed to their highest level in six weeks as escalating tensions in West Asia and fresh threats to key shipping routes heightened concerns over global oil supplies. Brent settled at $96 per barrel, while WTI rose to $88.24.
IOCL and MRPL. have suspended crude oil loadings from Iraq as security risks in the Strait of Hormuz continue to disrupt regional oil shipments.
External Affairs Minister S. Jaishankar and US Secretary of State Marco Rubio discussed energy, trade, defence, critical minerals and regional security during talks held on the sidelines of ASEAN meetings in Manila.
Goldman Sachs has warned Brent crude could rise to $120 a barrel by the fourth quarter if disruptions in the Strait of Hormuz continue, while maintaining its base-case forecast of $80 amid expectations of easing regional tensions
Brent crude has surged above $90 per barrel for the first time since June 2026 as escalating US-Iran hostilities and disruptions in the Strait of Hormuz fuel concerns over global oil supply and shipping.
The International Energy Agency has warned that global energy security remains under severe threat unless diplomatic efforts between the United States and Iran restore oil flows through the Strait of Hormuz, as regional tensions continue to escalate.
As India's energy landscape undergoes rapid transformation, the downstream sector is being reshaped by decarbonisation, digitalisation and evolving market dynamics. In an exclusive interview with ENERGDIVE, Atanu Mukherjee, CEO, Dastur Group of Companies, explains why the future of energy transition lies beyond electrification alone. He discusses pragmatic decarbonisation, value-added petrochemicals, carbon management, artificial intelligence, energy security and the strategies needed to strengthen India's global competitiveness.
Oil prices climbed for a fourth straight session as renewed US-Iran hostilities and disruptions in the Strait of Hormuz heightened concerns over global crude supplies.
As India’s clean energy transition gains steam, government initiatives such as PM Surya Ghar and PM-KUSUM are driving a shift from centralised power generation to distributed solar systems, enabling households, farmers and communities to become active participants in the country's evolving energy economy.
India is considering allowing private companies limited access to monazite-rich coastal sands for thorium extraction to reduce uranium import dependence and strengthen its indigenous nuclear fuel cycle.
The US has launched military strikes on Iranian facilities near the Strait of Hormuz, with President Donald Trump claiming control of the strategic waterway, raising concerns over global energy trade and India's oil imports.
India and Australia have completed the administrative arrangement under their Civil Nuclear Cooperation Agreement, enabling long-term Australian uranium exports to support India's nuclear energy expansion.
MRPL has resumed crude imports through the Strait of Hormuz, supporting supply stability for Indian refiners as shipping normalises along the key energy trade route.
External Affairs Minister Dr S Jaishankar concluded his official visit to Qatar, where both sides reviewed bilateral cooperation across energy security, trade, investments, connectivity, security, and people-to-people ties.
Iran plans service fees for ships transiting the Strait of Hormuz, but India could receive concessions or exemptions under a proposed framework for friendly nations.
India and Japan have signed a strategic energy cooperation agreement to enhance petroleum reserve ecosystems, maritime energy transport, and emergency response coordination while deepening collaboration under the India-Japan Energy Dialogue.
Citigroup expects Brent crude prices to decline to $60 per barrel by the end of the year as shipping through the Strait of Hormuz normalises, easing supply chain disruptions and improving stability in global energy markets.
An oil tanker damaged by gunfire near the Strait of Hormuz safely reached Paradip Port, highlighting continued risks to global energy shipping routes.
Iran and Oman have proposed transit payments for vessels using the Strait of Hormuz, drawing US opposition amid concerns over compulsory shipping charges and global trade.
The Ministry of Petroleum and Natural Gas has withdrawn the temporary restrictions on the sale and distribution of petrol and diesel through public sector oil marketing company retail outlets, effective July 1, 2026. The move follows an improvement in the country's fuel supply situation after measures introduced to prevent hoarding and ensure fuel availability during the West Asia crisis.
Oil prices edged higher after renewed US-Iran strikes slowed energy shipments through the Strait of Hormuz, raising concerns over global crude supply. However, gains remained limited following reports that both countries have agreed to resume talks in Qatar.
The Centre has lifted restrictions on non-domestic packed LPG and partially restored bulk LPG supplies as improving global supply conditions ease disruptions caused by the West Asia crisis.
Iran has said safe navigation through the Strait of Hormuz requires coordination with Tehran, warning that alternative transit arrangements made without its involvement could be suspended.
Iran's Islamic Revolutionary Guard Corps has directed commercial vessels to use only Iran-designated shipping corridors through the Strait of Hormuz, escalating concerns over maritime security and global energy trade.
Coal Secretary Sanoj Kumar Jha said coal gasification will strengthen India's energy security, reduce import dependence and support industrial growth through value-added products.
The Appointments Committee of the Cabinet has extended the tenure of Shyam Jagannathan as Director General (Shipping) until June 2028, ensuring continuity in India's maritime regulatory and shipping reforms.
MoPNG dismissed unsubstantiated claims against ethanol blending, stating the programme is scientifically validated, continuously monitored and globally adopted.
US President Donald Trump has ordered an investigation into fuel pricing practices, accusing oil companies of failing to pass on lower crude oil costs to consumers.