No real alternative to Middle Eastern LPG for India: S&P Global's Pulkit Agarwal
AI Summary
India continues to rely heavily on Middle Eastern countries for its liquefied petroleum gas (LPG) supplies, with no viable alternatives available, according to S&P Global's Pulkit Agarwal. The Strait of Hormuz is crucial for maintaining these flows, and its stability is essential to prevent disruptions. This dependency underscores the geopolitical risks tied to energy security, emphasizing the need for India to diversify its energy portfolio while maintaining strong ties with the Middle East.
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