Oman LNG terminal at sunset with large tanker docked, pipelines in foreground.
In a notable shift in energy sourcing, Oman has overtaken Qatar to become India’s leading supplier of liquefied natural gas (LNG). This development occurred in March, influenced by the ongoing geopolitical tensions and their impact on gas flows within the Gulf region, prompting Indian buyers to seek more secure energy alternatives.
The disruption, stemming from events related to the Iran war, has underscored the vulnerability of established energy supply chains and highlighted the strategic importance of diversified sourcing for major energy consumers like India. This pivot to Oman signifies a tactical adjustment by Indian energy firms to ensure stability in their natural gas imports amidst an increasingly unpredictable global energy landscape.