As disruptions in West Asia and the Strait of Hormuz push India to diversify energy sourcing, Russia has offered to increase supplies of crude oil and Liquefied Natural Gas (LNG) to India. The proposal was discussed during talks between Prime Minister Narendra Modi and Russia’s First Deputy Prime Minister Denis Manturov, who is on a two-day visit to India.
Russia said its companies are prepared to scale up supplies over the long term, positioning Moscow as a key alternative supplier amid volatility in traditional supply routes linked to the Middle East. India has already increased crude imports from Russia, with purchases in March rising by about 90 percent compared to February, even as overall oil imports declined by nearly 15 percent, according to media reports.
The impact of disruptions in the Strait of Hormuz has also been reflected in a sharp drop in Liquified Petroleum Gas (LPG) imports, estimated at around 40 percent, along with reduced LNG shipments, prompting India to seek alternative sources, as per reports. The development underscores a broader shift in India’s energy strategy, with policymakers stepping up efforts to diversify supply sources and reduce exposure to geopolitical risks in key transit routes.
