Is there any shortage of LPG-LNG in India? The government gave this answer amid the war in the Middle East

Tension continues in the Middle East due to the war between America, Israel and Iran. It is expected to have an impact on global energy as well. Meanwhile, a big statement from India has come out. According to government sources, India is in a very good position in energy security. The current condition of the stock is good. The stock is being replenished every day. There is no shortage of LPG or LNG in India, there is no shortage of crude oil in the world. India is also in touch with other suppliers.

Canada-Australia offered

It was said that Australia and Canada have also offered to sell gas to India. India is also looking for other sources. Recently India has signed a new contract with UAE and US.

India is looking for other markets

India imports 195 MMSCMD gas, out of which Qatar supplies only 60 MMSCMD, India is looking for other markets to buy gas. India is talking to big oil producers and traders to buy crude and LPG. India is talking to the International Energy Agency (IEA) and Organization of the Petroleum Exporting Countries (OPEC). India is talking to USA to take insurance of ships. India is reviewing the energy situation twice a day.

According to BBC report, in January, Union Petroleum and Natural Gas Minister Hardeep Puri, while giving information in the Rajya Sabha, had said that India has so much crude oil in caves, refineries and storage facilities in Andhra Pradesh and Karnataka that India’s domestic demands can be met for 74 days. News agency ANI quoted officials as saying that crude oil reserves can last for 25 days.

40 percent supply of LNG from Qatar

India fulfills 40 percent supply of about 27 million tonnes of LNG from Qatar. According to the information given by the Union Ministry, ‘India is the world’s third largest importer of petroleum products, fourth largest refiner and fifth largest exporter. Not only this, it was said that amidst the tension in the Middle East, India has sufficient reserves of major petroleum products including crude oil, petrol, diesel and aviation turbine fuel.