US Emerges As India’s Largest LNG Supplier As Iran Conflict Reshapes Gas Import Strategy
The ongoing US-Iran conflict has significantly changed India’s liquefied natural gas (LNG) import landscape, forcing the country to diversify supplies away from traditional sources. In August, Qatar, previously India’s largest LNG supplier, did not ship any cargoes, while the US emerged as the top supplier. According to a report by Moneycontrol, data from commodity analytics firm Kpler showed…
The US has become India's largest supplier of liquefied natural gas (LNG) amid the ongoing conflict between the United States and Iran, reshaping the country's gas import strategy. In August, the US supplied 858,500 tonnes of LNG, up 18.6% from the previous month, accounting for 35% of India's total LNG imports. Prior to this, Qatar had been India's primary supplier, with no shipments in August due to geopolitical tensions.
Nigeria joined the US as a major LNG supplier to India in August, shipping 540,700 tonnes, an 84% increase from July, and accounting for 22% of India's imports. Other suppliers included Oman (524,700 tonnes), the UAE (244,400 tonnes), Mozambique (225,900 tonnes), and Australia (69,400 tonnes). Overall, India's LNG imports rose 5.2% to 2.5 million tonnes in August, compared with 2.3 million tonnes in July.
India's reliance on a single source for LNG has been reduced through diversification, with the country sourcing LNG, LPG, and crude oil from various countries, including the US, Canada, and Algeria. However, LNG and LPG imports remain more vulnerable to geopolitical risks than crude oil due to the limited alternatives. The Strait of Hormuz, a critical energy route, saw a decline in shipping activity due to heightened tensions, raising concerns about potential supply disruptions and higher energy prices.
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