India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief

As the world scrambles to recover from the biggest energy shock in decades triggered by West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to West Asia for sourcing oil and gas, Oil and Natural Gas Corporation (ONGC) Chairman and CEO Arun Kumar Singh said on Friday (April 10, 2026).

India, which relied on West Asia to meet nearly half of its crude oil imports, 30% of its gas, and 85-90% of its LPG, must invest in building strategic storage as insurance against price and supply disruptions, he said.