India, March 19 -- Iran's attack on Qatar's energy infrastructure at Ras Laffan industrial city in retaliation for an Israeli strike on the Iranian South Pars gas facility is bad news for India, with over 88% import dependence on crude oil and about 50% on gas. The war had already disrupted India's gas imports from its single-biggest supplier, Qatar, which supplied about one-third of its total liquefied petroleum gas (LPG) and about half of its liquefied natural gas (LNG) imports.

Earlier, the disruption was mainly because of transportation issues due to the blockage of the Strait of Hormuz, a relatively temporary cause of concern. Now, the damage of Ras Laffan Gas-to-Liquids facility is a bigger worry because restoring it would take tim...