New Delhi: Relief news has emerged for India amid signs of easing tension between Iran and America. The Indian-flagged LNG ship ‘Disha’ has safely exited the Strait of Hormuz area after more than three months. The ship is now heading towards India and is likely to reach the country by June 18.
Why is the exit of ‘Disha’ ship important?
This ship loaded with LNG was stuck in the conflict affected maritime area for a long time. Its safe exit is considered important from the point of view of India’s energy supply. After the ship came out, hopes have also increased for other ships which are still stranded in the Gulf area.
Experts believe that once the sea routes become normal, the supply of oil and gas will improve and the problems related to imports may gradually reduce.
How much LNG is on board?
This ship, operated by the Shipping Corporation of India (SCI) Group, is coming to India carrying about 62,370 tonnes of LNG. According to officials, it is among the first commercial ships to safely transit the Strait of Hormuz since the conflict subsided.
Will gas and fuel become cheaper immediately?
Experts say that there has definitely been relief, but it may take some time for the oil and gas market to become completely normal. Many energy installations in the region have been affected during the recent conflict, with capacity yet to be fully restored.
In such a situation, it may take a few weeks for the supply chain to stabilise and the impact on the market to be seen.
How important is the Gulf region for India?
India fulfils a major part of its energy needs from Gulf countries. Major part of LNG and crude oil comes from this region. Therefore, any kind of obstruction in the Strait of Hormuz has a direct impact on India’s energy security.
For this reason, the government and shipping agencies are constantly monitoring the situation.
How many Indian sailors are present in the Gulf region?
According to government figures, about 18 thousand Indian sailors are currently working in the Gulf region. Indian agencies are in constant touch regarding their security. Till now thousands of Indian sailors have been brought home safely.
What are the expectations ahead?
After the safe exit of ‘Disha’, it is hoped that other ships stuck in the Gulf area may also be allowed to move soon. If the situation remains normal then the supply of oil and gas to India may be more smooth than before.
