PM Modi Reviews Energy Security Amid West Asia Tensions, Stresses Supply Stability

Prime Minister Narendra Modi chaired a high-level meeting to review the petroleum, crude oil, gas, power, and fertiliser sectors, focusing on ensuring uninterrupted supply amid the West Asia crisis. Officials briefed him on fuel availability and proactive measures to safeguard India's energy security from international market volatility. The review comes as global energy markets remain tense, with concerns over disruptions to key shipping routes like the Strait of Hormuz. Modi also discussed regional stability with Iran's president and highlighted India's success in diversifying oil imports, with nearly 70% now sourced from outside the Gulf region.

Key Points: Modi Chairs High-Level Meet on Oil, Gas Supply Amid West Asia Crisis

  • Review of fuel availability & energy security
  • Focus on stable logistics & distribution
  • Monitoring global developments & market volatility
  • Diversifying oil imports away from Gulf region
  • Managing LPG supplies to prevent shortages
2 min read

PM Modi chairs high-level meet to review oil, gas supply amid West Asia tensions

PM Modi reviews petroleum, gas, and power sectors to ensure uninterrupted supply and stable distribution amid West Asia tensions and global market volatility.

"the importance of keeping international shipping lanes open and secure, warning that any disruption could impact global supply chains - Prime Minister Narendra Modi"

New Delhi, March 22

Prime Minister Narendra Modi on Sunday chaired a high-level meeting to review the situation in the petroleum, crude oil, gas, power, and fertiliser sectors, with a focus on ensuring uninterrupted supply and stable distribution amid the evolving crisis in West Asia.

The meeting focused on maintaining uninterrupted supply, ensuring stable logistics, and streamlining distribution systems across the country to prevent any disruption in essential services.

Officials briefed the Prime Minister on the current status of fuel availability and steps being taken to safeguard India's energy security.

According to sources, the government is closely monitoring global developments and has taken proactive measures to ensure that consumers and industries are not affected by volatility in international markets.

Efforts are underway to maintain adequate reserves and strengthen supply chains amid rising geopolitical uncertainties.

The review comes at a time when global energy markets remain on edge due to the ongoing conflict in West Asia, a region that plays a crucial role in global oil and gas supplies.

Concerns have also been raised over disruptions in key shipping routes, particularly the Strait of Hormuz, which handles a significant share of global energy trade.

A day earlier, Prime Minister Modi spoke with Iran's President Masoud Pezeshkian to discuss the regional situation and emphasised the need for peace and stability.

He also underlined the importance of keeping international shipping lanes open and secure, warning that any disruption could impact global supply chains.

To reduce dependence on the Middle East, India has diversified its oil and gas imports, increasing purchases from countries such as the United States, Russia, and African nations like Nigeria.

Officials said that nearly 70 per cent of India's oil imports now come from sources outside the Gulf region.

The government has also stepped up efforts to manage LPG supplies, including sourcing liquefied petroleum gas from the US to address potential shortages.

While concerns over LPG availability persist, officials said there has been no disruption in supply at the consumer level, with online bookings rising significantly.

- IANS

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Reader Comments

P
Priya S
Good to see the PM is on top of this. My main worry is LPG cylinder prices and availability for my home kitchen. Hope the measures to source from the US actually prevent shortages and price hikes for common people.
R
Rohit P
While the meeting is welcome, I hope this translates to action on the ground. We've seen fuel prices remain high despite global fluctuations. Transparency in how these "proactive measures" will benefit the consumer is needed.
S
Sarah B
The focus on keeping shipping lanes open is crucial for global trade, not just India. Appreciate the diplomatic outreach to Iran. Stability in West Asia benefits everyone.
V
Vikram M
This is why we need to fast-track our own renewable energy projects and electric vehicle infrastructure. Can't keep relying on volatile international markets forever. Jai Hind!
K
Karthik V
The mention of fertiliser sector is important too. Farmers need stability. A disruption in gas supply can hit urea production and crop yields. Hope the review covered that angle thoroughly.

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