New Delhi, June 18 -- India needs better options in the form of diversified crude import routes and deeper storage and inventory buffers, S&P Global Energy said.
The West Asia crisis has come as a wake-up call for India for its energy needs, and India needs credible alternatives that reduce its import-linked exposure, including for liquefied petroleum gas (LPG), where structural dependence on the Gulf has been exposed.
"India's crisis management has worked in the near term, but a prolonged disruption limits complacency, particularly in securing sufficient feed through the end of the year. The low-demand monsoon season may help by reducing inventory draws, but India also needs to prepare for the seasonal uptick during the fourth quarter fe...