Prelims: Current events of national and international importance | Energy
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The U.S. accounts for 67% of India’s Liquefied Petroleum Gas (LPG) imports.
The shift follows an earlier government decision to source roughly 10% of India’s LPG requirements from the U.S. as part of a broader effort to diversify energy supplies.
Before the conflict broke out in West Asia, India imported nearly 60% of its requirement of the bottled hydrocarbon gas, of which approximately 90% came via the Strait of Hormuz.
India has also increased domestic LPG production to offset lower imports from Gulf suppliers.
India also expanded its crude supply sources from 27 to 41 countries.
The government has also recently approved the Rs. 84,000 crore Samudra Manthan programme aimed at supporting deepwater oil and gas exploration.
