Search

    Language Settings
    Select Website Language

    GDPR Compliance

    We use cookies to ensure you get the best experience on our website. By continuing to use our site, you accept our use of cookies, Privacy Policy, and Terms of Service.

    Russia Signals Energy Backing For India If Conflict Disrupts Supplies

    2 hours ago

    New Delhi, Mar 3 (PTI) Russia is ready to fully meet India's energy requirements in the event of prolonged disruptions to oil and gas supplies triggered by the escalating tensions in West Asia, an official from the Embassy of the Russian Federation said on Monday.

    The assurance from Moscow gains added urgency as QatarEnergy suspended liquefied natural gas (LNG) production and related products on March 2 after an Iranian drone struck critical infrastructure at Ras Laffan Industrial City and Mesaieed Industrial City.

    "We are ready to fulfill demands of India's energy needs in case of continued disruption of energy supplies," the official told PTI.

    Energy supply concerns heightened after Iran blocked the Strait of Hormuz, a key shipping route for international trade.

    India depends on the region for a large share of its crude oil and LNG imports, although it has diversified its sourcing in recent years with substantially higher volumes from Russia.

    Ministry of Petroleum and Natural Gas on Monday assured that the country is well stocked with crude oil and inventories of key petroleum products, including petrol, diesel and automatic transmission fluid (ATF) to deal with short-term disruptions arising from the tensions in West Asia.

    “India has ensured both availability and affordability of energy for its population by diversifying its sources. Indian energy companies now have access to energy supplies that are not routed through the Strait of Hormuz," the ministry said. 

    (Disclaimer: This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

    Click here to Read More
    Previous Article
    A Critical Nuclear Site in Iran Is Spared During U.S.-Israeli Airstrikes, for Now
    Next Article
    Avec la guerre au Moyen-Orient, des files d'attente sont observées devant quelques stations-services

    Related World Updates:

    Are you sure? You want to delete this comment..! Remove Cancel

    Comments (0)

      Leave a comment