BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
Markets

India loads LPG onto stranded empty ships amid gas crisis

  • Two ships Shivalik and Nanda have already reached India, while Pine Gas, and Jag Vasant are expected to arrive
Published Updated
A worker unloads liquefied petroleum gas (LPG) cooking cylinders from a supply truck outside a distribution centre in the western Indian city of Ahmedabad February 19, 2015. File Photo: Reuters
A worker unloads liquefied petroleum gas (LPG) cooking cylinders from a supply truck outside a distribution centre in the western Indian city of Ahmedabad February 19, 2015. File Photo: Reuters
By

NEW DELHI: India is loading liquefied petroleum gas onto its empty vessels stranded in the Persian Gulf as the country grapples with a gas shortage triggered by the conflict in the Middle East, an official from the federal shipping ministry said on Tuesday.

Eight LPG carriers, 4 crude oil ships, and one liquefied natural gas (LNG) tanker were among 24 Indian-flagged vessels stranded in the Persian Gulf as shipments were disrupted from the Gulf and the Strait of Hormuz.

Two ships Shivalik and Nanda have already reached India, while Pine Gas, and Jag Vasant are expected to arrive on March 26-27, said Rajesh Kumar Sinha, special secretary in the shipping ministry.

India’s LPG consumption declines due to shortages in wake of Iran war

Sinha said one vessel had exited dry dock and would be fully loaded with LPG in three to four days. He said five tankers carrying 230,000 metric ton of LPG are in the Strait of Hormuz. “Finally, we will have six LPG-loaded carriers,” he said.

He also clarified that under international law, straits–or narrow sea passages–guarantee the right of freedom of navigation, which means vessels do not require permission or payment of tolls to pass through the Strait of Hormuz.

However, he cautioned that the current situation warranted careful assessment.

India is reeling under its worst gas crisis in decades with the government cutting supplies for industries to shield households from any shortage of cooking gas.

India consumed 33.15 million metric tons of cooking gas last year, with imports accounting for about 60% of demand. About 90% of those imports came from the Middle East.

Comments

Comments are closed for this article.