Achieving India's Energy Sovereignty: Diversification and Resilient Planning Essential
Loading more articles...
India's Energy Security: Diversification and Resilient Planning Crucial Amid Geopolitical Shocks
F
Firstpost•20-03-2026, 17:16
India's Energy Security: Diversification and Resilient Planning Crucial Amid Geopolitical Shocks
•India's high oil import dependence (88-89%) makes it vulnerable to geopolitical shocks like the Russia-Ukraine war and Iran conflict.
•A new strategy is needed to build resilience through diversification, buffers, domestic capacity, and smarter regulation.
•Crude demand surges while domestic production stagnates, pushing import dependence higher; self-sufficiency in petroleum products is only 11-12%.
•India's reliance on Russian crude increased significantly post-Russia-Ukraine war, raising concentration risk and exposure to sanctions.
•Key strategies include deeper buffer capacity (SPR expansion), logistics risk management, supplier diversification (no more than 25% from one source), energy mix shift to renewables, and rationalizing E&P contracts.