India must be cautious about West Asia energy reliance: ONGC

by Times of India
Apr 04, 2026

Image Source By : Indian Chronicle

India must be cautious about West Asia energy reliance: ONGC - The Times of India

NEW DELHI: As the international scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, Bharat should be cautious about relying on traditional supply assumptions, particularly its proximity to the West Asia for sourcing oil and gas,

Bharat, which relied on the West Asia to meet nearly half of its crude oil imports, 30% of its gas and 85-90% of LPG, must invest in building strategic storages as an insurance against value and supply disruptions, he said.

"Thinking that the West Asia is nearest to us and therefore all their resources (can be accessed easily), we should take it with a pinch of salt," Singh said at the Energy Security conclave organised by oil regulator PNGRB.

Singh warned that a shifting global order and rising geopolitical tensions are undermining long-held assumptions about energy security. Calling for a strategic reset, he urged The country to aggressively pursue domestic exploration and build resilience. agencies

India To Post Defence Attaché In Mauritius; Oil, Gas Pact Nears Finalisation: EAM Jaishankar

Ready to Make a Smarter Property Decision? Build Your Legacy with TOI Homes

Cute first and middle names for kids born on Saturday

6 smart small balcony layouts that maximise space effortlessly

8 modern and not-so-common baby names for kids born on a Friday

From Vivek Dahiya getting emotional during Divyanka Tripathi’s pregnancy scan to pampering her midnight cravings, the couple share their journey

How to differentiate between naturally and chemically ripened banana: FSSAI's rulebook on ripening temperature for the fruit

4 high-profile business family feuds that made headlines globally

5 things that make Bandhavgarh National Park irresistible to nature lovers

From Yashasvi Jaiswal-Maddie Hamilton to Hardik Pandya-Mahieka Sharma: 5 Indian cricketers and their rumoured girlfriends

Gold or platinum with diamonds: Which one actually makes you look richer?

Fuel for thought: India boosts domestic LPG output to 60% amid Middle East tensions

$950 million bet before Trump's announcement? US senators urge probe into ‘unusual’ oil trading

India must be cautious about West Asia energy reliance: ONGC

Centre's fresh CAFE 3 brew seeks to ease life for car cos

Chandra asks Air India staff to control costs, improve services

Will Tata Sons get listing waiver? RBI tweak will make it 'upper NBFC'

Piyush Goyal holds talks with Kuwait, UAE, GCC to restore trade flows, energy supplies; exporters face disruption

Swiggy cofounder Nandan Reddy steps down, may start up again

RBI proposes asset-based criteria for PSU inclusion in upper layer NBFC

US-Israel-Iran War Ceasefire News Live Updates: Donald Trump speaks to Netanyahu, asks Israel to pull back on Lebanon strikes

Gold, Silver Rate Today Live Updates: Gold prices rise in international markets; where are the headed in near-term?

TGBIE TS Inter Result 2026 Date & TIme Live Updates: TSBIE to announce 1st, 2nd year results soon for over 9 lakh students

Bumrah or Hazlewood, doesn't matter: Vaibhav Sooryavanshi says 'play the ball, not bowler'

Drama in PSL over Usman Tariq's action: Batter walks away twice vs Pakistan spinner - Watch

PCB, PSL under fire after ex-Pakistan captain Misbah ul Haq's role comes to light

IPL 2026: Vaibhav Sooryavanshi blitz scripts history, powers Rajasthan Royals to...

Kash Patel to head CIA, Vivek Ramaswamy homeland security? What a Trump 2.0 Cabinet may look like

NFL Trade Rumors: Chicago Bears linked to $100M Cleveland Browns Pro Bowl CB amid defensive concerns

NFL Trade Rumors: Baltimore Ravens could eye $2M Miami Dolphins star TE and Pro Bowler after a disappointing season

Determine the monthly installment amount for a loan

Estimate the returns on investments made through SIPs

Find out maturity amount and interest earned on PPF

Estimate the pension amount and corpus accumulated under NPS

A Mutual Fund Calculator helps estimate the future value of investments

The country Walks Diplomatic Tightrope, Condemns Bloodshed In Lebanon, But Does Not Name Israel

‘Never Lost His Trail’: India's Hunt For Ghazi Baba, The Tip Off That Finally Cornered Him

'Not A Political Party': Samik Bhattacharya Targets TMC, Jabs Abhishek Banerjee | West Bengal Polls

Drone Storm Over Kuwait! Air Defences Destroy 7 UAVs Amid Fragile US-Iran Ceasefire

Hezbollah Unleashes Rocket Storm On Israeli City; Huge Fireball, Destruction On Cam

'Win A War Without Firing?’ CDS Anil Chauhan Explains Shift From Battlefield To Perception Warfare

"Behen Darr Gayi!": Fans relive ‘Bhagam Bhag’ era after watching Akshay Kumar's 'Bhooth Bangla' trailer

MBOSE HSLC result 2026 to release tomorrow: Check details here

Iran war risk: JPMorgan CEO Jamie Dimon warns of oil shocks, sticky inflation and higher interest rates

Make your clutch last longer with these easy driving tips

“Three-against-one situation”: El Rubius opens up on being “targeted” in MrBeast’s viral $1M challenge

Bihar BTSC lab assistant notification released for 1091 posts at btsc.bihar.gov.in; apply here

IPL craze costs techie Rs 1.46 lakh in fake RCB vs CSK ticket scam

Raising “robot-proof” kids: Why creativity and curiosity matter more than ever

Inside ‘Satguru Sharan’: Exploring Saif Ali Khan and Kareena Kapoor Khan’s Rs 100 crore Bandra home

How selling Alaska in 1867 was a costly mistake for Russia

'Hera Pheri 3 is coming': Paresh Rawal dismisses delay reports and reveals he will 'start shooting soon'

US-Iran War: A daring rescue Hollywood blockbuster is on its way. Till then, pick your favourite from these 10 films on bringing someone home against all odds

Kolkata team unveils fan mural at Rash Behari Avenue, celebrating city’s first love

How US spread a lie to rescue a pilot of a jet shot down in Iran

Netflix unveils ‘VOID’, an AI model that can change a movie plot

AI data centers are causing 'stress' not just to tech companies, but also private insurers

"Trans women are.....": Clavicular’s viral moment with trans women sparks fresh conversation on internet culture