NEW DELHI: Prime Minister Narendra Modi on Tuesday informed the Rajya Sabha that the government is actively procuring gas and crude oil from all possible sources to tackle the energy crunch caused by the ongoing West Asia conflict. He emphasized that efforts will continue in the coming days to ensure energy stability for the nation.
Modi expressed concern over the war in West Asia, stating that India seeks peace in the region through dialogue and diplomacy. He stressed the importance of de-escalation and the reopening of the Strait of Hormuz, noting that prolonged conflict could have serious global consequences.
On energy security, the prime minister highlighted that India has built strategic oil reserves of 53 lakh metric tonnes over the past 11 years, with an additional 65 lakh MT capacity under development. He also mentioned the launch of a Rs 70,000-crore shipbuilding project to further strengthen the country’s energy and transport infrastructure.