India Readies Big LPG Output Boost as Hormuz Uncertainty Lingers As global energy markets continue to grapple with rising tensions in the Middle East, India has announced plans to boost its liquefied petroleum gas (LPG) output.
This move is set to significantly increase its presence in the international market and reduce its dependence on imported LPG.
The Strait of Hormuz, which connects the Persian Gulf to the Arabian Sea, is a critical oil transit point that allows millions of barrels of crude oil to flow from major producers such as Saudi Arabia and Iran to refineries around the globe.