India increases LPG imports from US and Norway amid supply tightness
pre-market1 source ↓written by the desknot a recommendation
- prevent shortages
- 333 million homes
- of LPG
- 60%
- of commercial LPG
- 20%
India is diversifying its LPG imports, securing more cargoes from the US, Norway, and Canada as Gulf supplies tighten. The government has invoked emergency powers to maximize LPG production and reduce industrial sales to prevent shortages for 333 million homes. This shift may impact domestic energy prices and supply chains.
• Previously, 60% of LPG was sourced from Gulf countries.
• New allocations include 20% of commercial LPG to curb hoarding.
• Alternate fuels like biomass and kerosene may be permitted temporarily.
Not investment advice. For informational purposes only.