West Asia Crisis: India's LPG Imports May Halve Amid Strait of Hormuz Blockage

• India's LPG imports are projected to halve this month due to the West Asia crisis and the Strait of Hormuz blockage.
• The Middle East, previously supplying 90% of India's sea-borne LPG, now accounts for only 55% of imports.
• The US and Russia now contribute 40% of India's LPG imports, with Argentina supplying the remainder.
• India is exploring additional LPG supplies from countries like the US, Norway, Canada, and Russia.
• Domestic refineries have increased LPG output by 40% since March to mitigate supply disruptions.