North India Statesman
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News India Live, Digital Desk: The war breaking out on the world map and the increasing tension in the sea can now directly impact your kitchen and the speed of your car. After domestic LPG, now the threat of shortage of CNG and piped cooking gas (PNG) is looming in India. The news of Iran blocking two Qatari gas tankers has created a stir in the Indian energy market. If this tension does not subside soon, we may have to face a rise in gas prices and a huge cut in supply in the coming days.
Why is India’s gas supply stuck?
Amidst the increasing geopolitical tension in the Middle East, there is news that Iran has stopped two large gas tankers of Qatar passing through a strategically important sea route. India supplies a major part of its CNG and PNG needs from Qatar. This siege in the middle of the sea has completely disrupted the supply chain. Experts believe that if this ban on the movement of tankers continues for a long time, then long queues are sure to be seen at gas stations in the metropolitan cities of India.
Will your CNG and LPG become expensive?
India is heavily dependent on imports for its energy needs. Due to this impasse between Iran and Qatar, there is a possibility of a sudden rise in the prices of natural gas in the international market. If the cost of raw materials increases, companies can pass the burden on the general public. Consumers in cities like Delhi, Mumbai and Ahmedabad, where the PNG and CNG network is the largest, are most worried about this possible crisis.
Increased tension between government and oil companies
This emergency situation has given sleepless nights to the government and public sector oil companies. According to highly placed sources of the ministry, consideration has started on alternative routes and possibilities of sourcing gas from other countries. However, it is not so easy to immediately find an alternative to gas coming from Qatar. Experts in the petroleum sector say that this crisis will not only affect fuel prices, but it can also have a negative impact on power generation and fertilizer factories.
Global concern increased due to tension on sea routes
This step taken by Iran is being seen as a strategy to create pressure at the global level. The matter of concern for India is that we have gas storage only for a limited period of time. In such a situation, every day’s jam on sea routes is posing a big challenge for India’s energy security. At present, all eyes are on diplomatic talks to see when these tankers get the green signal.
