Why in News
- Missile strikes on Ras Laffan Industrial City, the world’s largest LNG facility, amid West Asia conflict have raised concerns over global energy supply and India’s energy security.
What Happened
- Iran targeted:
- LNG facilities in Qatar (Ras Laffan)
- Other energy sites in Saudi Arabia, Kuwait
- Earlier: Attack on South Pars Gas Field (world’s largest gas field)
- Marks escalation from transport disruption → production disruption
Why Ras Laffan is Important
- Accounts for ~20% of global LNG supply
- Hub of:
- LNG production
- Liquefaction
- Export infrastructure
- Damage may cause long-term supply disruption
Impact on Global Energy
- Brent crude: Jumped above $119/barrel
- Natural gas prices: Sharp rise
- Risk: From supply chain issue → full supply crisis
India’s Energy Dependence
1. LNG Dependence
- ~50% of gas demand met via imports
- >40% LNG from Qatar
- Most from Ras Laffan
2. Overall Energy Imports
- Crude oil: ~88% import dependent
- LPG: ~60%
- Natural gas: ~50%
3. Strategic Chokepoint
- Strait of Hormuz:
- ~50% of India’s crude imports
- ~60% LNG
- ~90% LPG
Immediate Impact on India
- LNG supply cuts to industries
- LPG supply concerns
- Rising energy import costs
| [2024] Consider the following statements: Statement-I: Sumed pipeline is a strategic route for Persian Gulf oil and natural gas shipments to Europe . Statement-II: Sumed pipeline connects the Red Sea with the Mediterranean Sea . Select the correct answer using the code given below: (a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I (b) Both Statement-I and Statement-II are correct but Statement-II does not explain Statement-I (c) Statement-I is correct but Statement-II is incorrect (d) Statement-I is incorrect but Statement-II is correct |
