Nigeria is becoming a strategic energy partner for India as the country seeks alternative suppliers amid tensions between Israel, the US, and Iran.
India has steadily increased energy imports from Africa, aiming to reduce reliance on the Strait of Hormuz and secure uninterrupted fuel for domestic and industrial needs. Officials report that India now sources LPG from Nigeria, Algeria, Angola, and other countries, while LNG imports include Cameroon, Equatorial Guinea, and Mozambique. The US, Russia, Canada, and Norway also supply energy.
Sujata Sharma, joint secretary in India’s petroleum ministry, said energy availability has improved compared to a month ago, thanks to diversification strategies that mitigate geopolitical risks. India currently imports 5.5–5.6 million barrels of crude oil daily, with LPG imports meeting nearly 60% of annual demand and natural gas imports covering around 51% of consumption.
India has expanded crude oil sourcing from 27 countries to 41 over the past decade, reducing dependence on the Strait of Hormuz from 45% to 30%. Authorities confirm domestic inventories remain sufficient, though temporary delivery delays for LPG cylinders have emerged due to panic buying.
Overall, Africa’s growing role in India’s energy imports strengthens supply security and highlights Nigeria’s emerging position as a key partner in the global energy market.
For More News-https://lagostalks.com/news/
