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How the Iran-US War Could Impact the Gas Industry in India

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Geopolitical conflicts often have far-reaching economic consequences, especially for energy-dependent economies. The escalating tensions between Iran and the United States have already begun disrupting global energy markets. For India one of the world’s largest energy importers the gas industry is particularly vulnerable. From rising LNG prices to supply disruptions and industrial slowdowns, the conflict could significantly reshape India’s natural gas landscape. India’s Heavy Dependence on Imported Gas India relies heavily on imports to meet its growing energy demand. Natural gas, primarily imported as liquefied natural gas (LNG), plays a crucial role in powering industries, fertilizer production, city gas distribution networks, and electricity generation. India imports over 25 million metric tonnes of LNG annually, making it the fourth-largest LNG consumer globally. A significant portion of these imports over 40% comes from Qatar, while a large share of the country’s overall energy su...