It's not oil, let's step on the gas reserves
Published on: March 9, 2026, 11:10 p.m. | Source: The Economic Times
India secures its oil supply with Russian crude, mitigating risks from Middle East conflicts. However, the nation faces natural gas price swings due to limited storage. This impacts the fertilizer sector, requiring subsidies. India needs to build strategic LNG reserves and enhance energy transport infrastructure to manage future price spikes and geopolitical tensions effectively.
