India diversifies energy sourcing; taps 15 countries for LNG, 41 for crude

 India is expanding its energy import portfolio for both LNG and crude oil, striving to diminish reliance on any singular market or transport path. Additionally, the government is boosting domestic crude oil storage with new infrastructure. These strategies equip India to better handle supply interruptions and market fluctuations, ultimately strengthening the nation’s resilience to global energy shocks. India is expanding its energy import portfolio for both LNG and crude oil, striving to diminish reliance on any singular market or transport path. Additionally, the government is boosting domestic crude oil storage with new infrastructure. These strategies equip India to better handle supply interruptions and market fluctuations, ultimately strengthening the nation’s resilience to global energy shocks.