• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, June 16, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

India Targets Higher Energy Import From Nigeria As Market Disruption Grows

Chika Izuora by Chika Izuora
3 months ago
in Business
OPEC
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria is turning into strategic energy import partner to India as the country turns to Africa to secure more import of its energy needs following tensions between Israel-America and Iran.

India’s energy imports from Africa are steadily increasing as the country accelerates efforts to diversify its sourcing base and reduce reliance on traditional supply routes through the Strait of Hormuz, amid ongoing disruptions linked to the West Asia conflict, reported Times of India.

In response to the evolving situation, India has broadened its procurement base across multiple regions. Officials said the country is sourcing LPG from the United States, Russia, Canada, Norway, and West African nations such as Nigeria, Algeria, and Angola.

For LNG, supply discussions and shipments involve countries including Cameroon, Equatorial Guinea, and Mozambique. Some cargoes have already been secured, while negotiations with other suppliers are in advanced stages.

As per officials cited in the report, the availability of crude oil, liquefied petroleum gas (LPG), and liquefied natural gas (LNG) has improved significantly compared to a month ago when tensions in West Asia first began affecting global supply chains. The government has been actively expanding its supplier network to ensure uninterrupted fuel availability for both consumers and critical sectors.

The availability of energy has certainly improved, and we are in a much better position than a month ago,” Sujata Sharma, joint secretary in the petroleum ministry told ET.

India has been prioritising the steady supply of LPG and LNG while also adjusting crude import strategies to mitigate risks arising from geopolitical disruptions. According to officials, diversification has helped cushion the immediate impact of supply uncertainties linked to the Strait of Hormuz, a key global energy chockepoint.

India currently imports around 5.5–5.6 million barrels of crude oil per day.

RELATED NEWS

Nigerians Turning To Stablecoins For Remittances Amid $59bn Crypto Inflows —IMF

FG Begins Construction Of 500-Bull-per-day Abattoir In Jos

Petrol Prices To Fall After Dangote Refinery Cuts Gantry Rate To N1,175/L

Prior to the conflict, approximately 40–45 per cent of these imports were routed through the Strait of Hormuz. In the case of LPG, India meets nearly 60 per cent, of its annual demand of about 31 million tonnes through imports, with nearly 90 per cent of those shipments previously transiting through the same route. Natural gas consumption in the country stands at around 191 million standard cubic metres per day (mmscmd), with 51 per cent of demand met through imports, of which roughly 60 per cent originates from West Asia.

Energy imports from Africa, in particular, have shown a steady upward trend, reflecting India’s longer-term strategy of reducing dependence on any single region. Over the past decade, crude oil sourcing has been expanded from 27 countries to 41 countries, helping bring down reliance on the Strait of Hormuz from about 45 per cent to nearly 30 per cent.

Despite global disruptions, officials maintained that domestic inventories of petroleum products and LPG remain sufficient. Sharma noted that while delivery timelines for domestic LPG cylinders have temporarily increased to 4–5 days due to a spike in panic bookings, there has been no shortage or supply disruption reported. These delivery timelines are expected to normalise as demand stabilises.

Overall, authorities said the combination of diversified sourcing, increased imports from Africa and other regions, and active management of supply chains has placed India in a stronger position to manage energy needs despite ongoing geopolitical uncertainties.

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Nigerians can invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works
Chika Izuora

Chika Izuora

Chika Izuora is a journalist with Leadership Media Group with over two decades of mainstream journalism experience. A Mass Communication graduate and alumnus of Pan Atlantic University (PAU), he has built outstanding expertise in the oil and gas industry alongside a versatile career as a journalist and author.

OTHER NEWS UPDATES

IMF Projects Nigeria To Become Africa’s Third Largest Economy By 2026
Business

Nigerians Turning To Stablecoins For Remittances Amid $59bn Crypto Inflows —IMF

3 minutes ago
FG Begins Construction Of 500-Bull-per-day Abattoir In Jos
Business

FG Begins Construction Of 500-Bull-per-day Abattoir In Jos

4 hours ago
‘No Special Treatment For MRS, All Marketers Buy Petrol On Equal Terms’, Dangote Clarifies
Business

Petrol Prices To Fall After Dangote Refinery Cuts Gantry Rate To N1,175/L

5 hours ago
Next Post
Italy’s World Cup Woes: Oliseh Blames Lack Of Talent After 3rd Consecutive Miss

Italy's World Cup Woes: Oliseh Blames Lack Of Talent After 3rd Consecutive Miss

Advertisement

LATEST UPDATE

World Cup: Senegal Brush Aside Fan Visa Setback Ahead Of France Clash

2 minutes ago

Nigerians Turning To Stablecoins For Remittances Amid $59bn Crypto Inflows —IMF

3 minutes ago

Alleged N110bn Fraud: Court Dismisses Ex-Governor Bello’s Application Challenging Court’s Jurisdiction

5 minutes ago

Maguire Opens Up On Awkward’ Tuchel Call After England World Cup Omission

6 minutes ago

Spain Coach Urges Calm After Frustrating Goalless Draw With Cape Verde

11 minutes ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.