West Asia Crisis Reshapes India's Energy Imports

India's dependence on crude and gas imports from West Asia has significantly shifted due to the prolonged conflict in the region. The war involving Iran, Israel, and the US has disrupted supply chains through the Strait of Hormuz, a major route handling around 20% of global crude and natural gas supplies.

Before the conflict began on February 28, 2026, West Asia was India's primary source for imports, accounting for approximately 90% of LPG, 60% of LNG, and 40% of crude imports. However, since then, India has diversified its imports to other suppliers.

According to maritime intelligence firm Kpler, Qatar, which was once the top supplier of India's LNG, supplied none in August 2026. The decline in Qatari supplies coincided with a sharp increase in US LNG shipments. The US retained its top position, supplying 0.859 MMT of LNG in August 2026, representing nearly 35% of India's monthly total intake.

In terms of crude imports, Russia remained the dominant supplier at 2.080 mb/d, with a 37% share, although down from its peak of 2.820 mb/d in July. The UAE was the second-largest identified country supplier at 0.512 mb/d, or 9.1%, while Venezuela stepped up significantly as the third-largest country supplier at 0.350 mb/d, with a 6.2% share.