‘India has enough time to find alternatives for crude supply’
By : Vidya
The US sanctions imposed on Friday target Russian oil producers Gazprom Neft and Surgutneftegaz, along with 183 vessels involved in shipping Russian crude.
NEW DELHI: India will not face immediate energy supply disruptions following fresh US sanctions on Russian oil producers, as crude already in transit will continue arriving for six to eight weeks, giving New Delhi time to secure alternate supplies and work out solutions with the incoming Trump administration, senior government officials said.
“We have enough time to find commercially viable alternatives,” said a senior petroleum ministry official who requested anonymity.
“India is not worried about crude supplies given the spare capacity with both traditional suppliers and new producers like the US, Guyana, Canada, Brazil and Surinam.”
