Amid the war in theMiddle Easthitting the supply of energy products, the central government has said that India has 25 days of energy products available and is also in touch with countries such as Canada and Australia for LPG and LNG supplies.
According to government sources, “We are in comfortable position as we currently have 25 days of crude oil and 25 days of energy products."
They further said that the government is in touch with all major suppliers of LPG , LNG and also in touch with OPEC, IAEA."
On Monday, the Ras Laffan plant in Qatar was shut following an Iranian drone attack. Ras Tanura oil refinery, located near the eastern city of Dammam, is one of the world’s largest oil processing facilities and has a capacity of 550,000 barrels per day. The facility is home to one of the largest refineries in the Middle East and is considered a cornerstone of the Saudi Arabia’s energy sector, according toAl Jazeera.
“Due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in the State of Qatar, QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products," the world’s largest LNG producer said in a statement.
Following this announcement, Dutch and British wholesale gas prices soared by almost 50 percent, while benchmark Asian LNG prices jumped almost 39 percent, according toAl Jazeera.
However, the sources said, the Indian government is searching for options like Canada, Australia and 10% from US.
“No worry of price rise – should stabilise at Rs82-85. The present situation won’t have impact on consumer price," they said.
Meanwhile, Russian Ambassador Denis Alipov has also announced Moscow’s being “always open to supplying oil to India" amid disruptions to energy supply.
As aerial attacks in West Asia entered the sixth day, Iran launched missiles at Israel early Thursday, soon after an American submarine sank an Iranian warship.
Source: World News in news18.com, World Latest News, World News
