In a recent statement, India's Ministry of Petroleum and Natural Gas has shed light on its strategic approach to energy security, particularly in the context of rising Russian oil imports. The ministry's response to an editorial in The Hindu highlights a nuanced and proactive strategy aimed at diversifying supply sources and mitigating risks associated with disruptions in West Asia.
The increase in Russian oil imports, according to the ministry, is a calculated move following the closure of the Strait of Hormuz due to military strikes on Iran in 2026. This event significantly impacted global oil and gas flows, with nearly a fifth of the world's supply affected. India, which typically sources around 45-50% of its crude oil from this region, had to act swiftly to secure alternative supplies.
Within weeks, India managed to increase the share of crude sourced from outside the Strait of Hormuz to 70%, a remarkable feat. Russian oil imports played a crucial role, with their share exceeding 40% in May 2026 and accounting for over half of India's total imports in June. This surge in Russian imports was not a knee-jerk reaction but a planned strategy to offset reduced supplies from West Asia.
India's diplomatic efforts have been instrumental in securing alternative supplies. Engagements with Qatar, the UAE, and Saudi Arabia helped secure crude oil and LPG supplies during the crisis. Notably, direct talks with Iran allowed Indian LPG vessels to transit the Strait of Hormuz without incurring tolls or transit charges, a significant cost-saving measure.
To further enhance energy security, India has expanded its crude sourcing network from 27 countries a decade ago to over 41 countries by 2026. This diversification strategy has seen India start importing crude from new sources like Iran, Chad, Algeria, Togo, and Egypt, while increasing purchases from existing suppliers like Venezuela, Brazil, Angola, Oman, Gabon, and South Sudan.
The ministry emphasizes that the increase in Russian crude imports is primarily to compensate for supply disruptions from West Asia and to ensure that India's energy security is not threatened by any single event. Ship-to-ship transfer operations through the Red Sea via Yanbu and Fujairah have also been utilized to reduce exposure to sanctions and supply bottlenecks.
Addressing concerns over growing imports from Venezuela, the ministry clarified that India's engagement with the country began well before the Hormuz disruption, forming part of a broader strategy to diversify energy partnerships. The acting President of Venezuela's visit to India during India Energy Week, months before the crisis, underscores this long-term vision.
In my opinion, India's approach to energy security is a masterclass in strategic thinking and proactive diplomacy. By diversifying its supply sources and engaging diplomatically, India has not only mitigated the risks associated with regional conflicts but has also positioned itself as a key player in the global energy market. This strategy ensures India's energy security while also fostering stronger international relations. It's a fascinating example of how a country can navigate complex geopolitical landscapes to secure its interests.
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