New Delhi, April 1 -- India should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the Middle East, according to Sandeep Jain, Former Executive Director (Gas) at Indian Oil Corporation Ltd. (IOCL).

Speaking to ANI, Jain emphasized that India needs to consider all options, including "Russian-sanctioned LNG" that is currently available. He argued that the high cost of current imports could lead to "demand destruction" and "economic depression."

Jain said that government-owned entities such as IOCL, BPCL, and HPCL increased refinery production and sought alternative routes. He observed that these companies "are very flexible in contracting LPG from the US, from Arge...