India Readies Big LPG Output Boost as Hormuz Uncertainty Lingers

AI Summary

India plans to significantly increase its domestic liquefied petroleum gas (LPG) production as instability around the Strait of Hormuz continues due to the Iran conflict. This strategy aims to secure LPG supplies for the country amid ongoing geopolitical uncertainties impacting a crucial global energy shipping route.

India has directed its state companies and private refiners to prepare for a sharp increase in cooking gas production, seeking to bolster domestic supplies as the Iran war prolongs uncertainty over the Strait of Hormuz, the key waterway for about 90% of the country’s liquefied petroleum gas imports.