These five countries trust India... Before the crisis, they said - give us more oil and gas!
Due to the ongoing conflict in the Middle East, there is a global crisis in oil and gas, prompting five neighboring countries to rely on India for energy needs.
The escalating conflict in the Middle East has led to a worldwide energy crisis, with countries like India and China successfully maintaining adequate reserves amidst the growing panic. Despite this, some regions, particularly in South Asia, are facing significant shortages of liquefied petroleum gas (LPG), leading to rising inflation in countries like Pakistan and Bangladesh. These conditions have made India a critical energy supplier for its neighboring countries, except for Pakistan, which is experiencing its own severe energy crisis.
Nepal, Bangladesh, Bhutan, Myanmar, and Sri Lanka have all turned to India for their petroleum needs amidst the turmoil. The report highlights how these nations import oil and gas through various means. For example, Nepal primarily sources its energy through the Motihari-Amlekhganj pipeline, enabling it to transport oil from India at lower costs and greater ease due to geographical proximity. Similarly, Bangladesh relies on both pipeline and maritime routes to procure oil from India, while Bhutan imports all of its oil from the Indian market.
India's role in supplying energy to these countries not only alleviates their economic distress but also strengthens India's geopolitical position in the region, allowing it to foster closer ties with its neighbors. The reliance on India for energy, especially during such crises, underscores the interdependence of these South Asian nations and illustrates how India can potentially play a stabilizing role in the region's economy and security landscape.