Emergency gas curbs eased as LNG shipments normalise after Strait of Hormuz disruptions
India has eased emergency gas supply curbs as Liquefied Natural Gas (LNG) shipments normalize following disruptions in the Strait of Hormuz. The government had invoked emergency powers in March to prioritize gas supplies to essential sectors due to threats to traffic through the waterway, which affected about 65% of India's LNG imports from West Asia. While crude oil purchases were diversified, LNG supplies remained vulnerable. The easing of curbs indicates a restoration of normal supply chains and a reduction in the immediate threat to energy security.
Key Points
- India has eased emergency gas supply restrictions following the normalization of LNG shipments.
- The curbs were imposed in March due to disruptions in the Strait of Hormuz, a critical waterway for energy imports.
- About 65% of India's LNG supplies from West Asia pass through the Strait of Hormuz, making the country vulnerable to disruptions.
- The government had prioritized gas supplies to essential sectors during the period of disruption.
Exam Facts
- India is the world's third-largest oil importer and consumer.
- India imports about 88% of its crude oil and half of its natural gas needs.
- About 40-45% of crude oil imports and nearly 65% of LNG supplies come from West Asia.
- Emergency powers were invoked in March.
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