V Anantha Nageswaran has called for India to build strategic buffers to manage the ongoing energy shock triggered by the West Asia crisis, warning it is the most severe in recent times.
Tightened US naval restrictions in the Strait of Hormuz have sharply reduced Iran’s oil exports, forcing the country to cut production as storage fills up. Despite the pressure, Iran is drawing on past experience with sanctions to manage the crisis, including reducing output in a controlled way and using floating storage to keep supplies moving.
The world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoids the Strait of Hormuz by combining sea, road, and feeder ship routes.
The Ministry of Power has updated its ‘Make in India’ rules for the power sector. A new plan will gradually increase local content in HVDC substations. This aims for 60 percent Indian-made components by 2035. The changes provide a transition for domestic industries to grow their capacity.
An India-linked LPG tanker, Sarv Shakti, has successfully crossed the Strait of Hormuz, marking a rare transit amid ongoing restrictions linked to the Iran conflict. The vessel, carrying about 45,000 tonnes of cooking gas and linked to Indian Oil Corporation, highlights India’s efforts to ease supply shortages as fuel flows through the strait remain severely…
India’s power market saw prices surge in late April. High demand, driven by heatwaves, pushed tariffs to the ₹20 per unit ceiling in non-solar hours. The Indian Energy Exchange data shows this trend. This high-price segment allows costlier power sources to meet demand. Peak demand reached a record 256 GW.