India sets targets for oil companies to boost cooking gas output amid Middle East war
NEW DELHI: India has set a maximum daily cooking gas production target of 63,810 metric tons for state-run and private refineries to ensure domestic supplies and build buffers after U.S.-Israeli war against Iran disrupted supplies of the essential fuel, according to an August 13 government order. Here are more details from the order: Companies are required to maintain adequate infrastructure for…
India has set ambitious targets for its oil companies to increase cooking gas production in response to the Middle East war, which has disrupted supplies. According to a government order dated August 13, state-run and private refineries must aim to produce a maximum of 63,810 metric tons of liquefied petroleum gas (LPG) daily.
The government has emphasized the importance of maintaining adequate infrastructure for storing and transporting LPG through railways and road tankers, as well as directly. To ensure the targets are met, the federal government will review and adjust them every January and July.
Prior to the war, India was reliant on the Middle East for about 90% of its cooking gas imports. However, the disruption caused by the U.S.-Israeli conflict against Iran, which led to the blockade of the Strait of Hormuz, has severely impacted domestic supplies. In response, Reliance Industries Ltd, with its refinery focused on the domestic market, has been assigned the task of producing 18,000 tons of LPG per day.
Additionally, state-owned explorers such as the Oil and Natural Gas Corp and Oil India Ltd, along with gas utility Gail India Ltd, are expected to contribute 10% of the total nationwide target.
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