India’s LPG Import Strategy Shifts As West Asia Tensions Trigger Supply Concerns

Summary

India has sharply diversified its liquefied petroleum gas imports, increasing supplies from the United States, Iran, and several other countries, to reduce dependence on the Gulf region amid West Asia tensions. The United States now accounts for nearly one third of India's LPG imports, up from just eight percent in February. This shift has helped maintain supplies, but has come at the cost of longer supply chains and higher freight expenses, with LPG consumption falling to 2.47 million tonnes in April from 3.2 million tonnes in February.