economy
U.S. becomes India’s top gas supplier, as Iran war cuts it off from the Gulf
India's gas purchases from the U.S. have grown steadily, driven by Washington’s push to sell more American energy to the South Asian country.
TL;DR
- The U.S. supplied 630,000 tonnes of LPG and 900,000 tonnes of LNG to India in May.
- This U.S. supply accounted for approximately 60% of India's LPG imports and over 40% of its LNG requirements.
- Disruptions in the Strait of Hormuz, affecting shipments from Gulf countries, have been a major factor in this shift.
- The U.S. is also actively promoting its energy exports to India as part of a broader strategy to manage trade balances.
- Despite higher costs, India is increasingly reliant on U.S. gas due to limited alternatives, and this trend is expected to grow.
- India is a major global importer of crude oil, LNG, and LPG.