North India Statesman
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News India Live, Digital Desk: Amidst the ongoing tension in West Asia, news of relief for India has come from the waves of the sea. Two more Indian gas tankers stranded in the ‘Strait of Hormuz’, which is currently considered to be the world’s most dangerous ‘war zone’, have come out safely. With the departure of these ships to India, there is hope that the deepening LPG crisis in the country will end soon.
Mission Safe Passage: Indian tankers emerge from the shadow of death
Due to the ongoing conflict between Iran and Israel, the movement of ships in the Persian Gulf was almost halted. This situation was worrying for India because LPG is supplied from here.
Safe departure: Two huge tankers have crossed the ‘hot zone’ under the surveillance of the Indian Navy and international security agencies.
Consignment of lakhs of cylinders: There is so much gas in these ships that it can overcome the shortage that has been going on for weeks in many states of India.
Waiting period will reduce: As soon as these ships reach the port, work in the bottling plant will start rapidly, which will reduce the delay in home delivery of gas cylinders.
Why is it important to cross the Strait of Hormuz?
The Strait of Hormuz is the world’s narrowest sea route through which more than one-third of the world’s LPG trade takes place.
Iran’s reach: Iran has direct influence on this route, due to which removing ships from here during the war was no less than a challenge.
Supply Chain: It is essential for this route to remain open for India’s energy security.
Hope for relief: Even before this, some ships had left, but with the arrival of these two big tankers, the shortage of gas in the market will improve to a great extent.
Will prices reduce?
Although the arrival of ships was good for supplies, the war increased insurance and shipping costs. Experts believe that first priority ‘Availability’ To be sure, it may take some time for prices to come down.
