India taps Iran for safe passage of six LPG, two oil vessels via Hormuz strait
Strait of Hormuz. Of these, six are carrying LPG, four are transporting crude oil, and one vessel is transporting liquefied natural gas (LNG). West Asia and the Strait of Hormuz are key for India's energy security, with about 90% of India's LPG imports and 50% of India's crude imports dependent on this region."The talks have been positive so far.
The priority currently is to ensure safe passage for six LPG tankers and two crude carriers. The vessels are expected to be allowed in batches of one or two ships at a time," the second person said.The intervention comes at a time when India has prioritized gas for household use. The scarcity has led to a scramble for electric stoves and forced many eateries to trim operations.
While the government has assured enough stocks, many cities have seen panic booking and long queues for LPG cylinders. The scarcity has also prompted the government to look for alternative sources in a wide range of countries from Morocco to Belarus. Meanwhile, refiners are ramping up LPG production, forgoing other downstream products, including petrochemicals.Queries mailed to the ministries of ports, shipping and waterways, external affairs, petroleum and natural gas and Iranian embassy in New Delhi remained unanswered.So far, two Indian-flagged LPG carriers have crossed the strait.
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