India's Energy Security Efforts Amid West Asia Instability

India's Energy Security Efforts Amid West Asia Instability.webp

New Delhi, March 24 Prime Minister Narendra Modi said on Tuesday that the government is trying to procure gas and crude oil from all available sources, and efforts will continue in the coming days as the war in West Asia has created a serious energy crisis globally.

In a statement in the Rajya Sabha, Modi said the war in West Asia is a cause of concern, and India wants peace in the region through dialogue and diplomacy.

India's aim is de-escalation of the war and opening of the Strait of Hormuz, he said, adding that the country's attempt is to encourage all sections to peacefully resolve all issues.

If the West Asia crisis persists for a longer period, serious consequences are imminent, the prime minister said.

Commenting on India's efforts for energy security, he said in the past 11 years, 53 lakh MT strategic oil reserves have been created; work on 65 lakh MT additional capacity is on.

Besides, the government has started a Rs 70,000-crore project to manufacture ships, he added.
 
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crude oil diplomacy energy crisis energy security gas government procurement india oil rajya sabha strategic oil reserves west asia
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