Russia has said it is prepared to supply India with all the oil and gas it needs if the worsening situation in West Asia disrupts global energy flows. A senior official from the Embassy of the Russian Federation made the statement on Monday, stressing Moscowโs readiness to step in during any prolonged supply crisis.
The assurance comes at a time of rising uncertainty in the global energy market. Concerns have grown after QatarEnergy halted liquefied natural gas (LNG) production and related operations on March 2. The suspension followed an Iranian drone strike that damaged key facilities at Ras Laffan Industrial City and Mesaieed Industrial City in Qatar.
“We are ready to fulfill demands of India’s energy needs in case of continued disruption of energy supplies,” PTI quoted an official as saying.
Blockade in Strait of Hormuz affects suppliesย
Energy markets have also been unsettled by Iranโs decision to block the Strait of Hormuz, a crucial passage for global oil and gas shipments. The move has raised fears of delays and shortages in international trade.
India relies heavily on West Asia for a significant portion of its crude oil and LNG imports. However, in recent years, New Delhi has broadened its supplier base.
Petroleum Ministry assures of sufficient reservesย
Meanwhile, Indiaโs Ministry of Petroleum and Natural Gas has sought to reassure the public, stating that the country currently holds sufficient reserves of crude oil and petroleum products. These include petrol, diesel and aviation turbine fuel (ATF), which are expected to cushion the impact of any short-term disruption.
The ministry emphasised that India has strengthened its energy security strategy by diversifying supply sources. Officials noted that Indian energy firms now have access to shipments that do not pass through the Strait of Hormuz, reducing vulnerability to regional instability.