India's Energy Security Policy
Diversification and Strategic Reserves
India has pursued a multi-pronged energy security strategy: (1) Geographic diversification of suppliers — reducing dependence on any single source, including leveraging Russian discounted crude since 2022; (2) Strategic Petroleum Reserves (SPR) — Phase 1 capacity of 5.33 MMT at Visakhapatnam, Mangaluru, and Padur; (3) Domestic production enhancement — accelerating oil block licensing and ONGC/OIL production targets; (4) Alternative energy investment — solar, wind, and hydrogen to reduce oil import reliance long-term; and (5) LNG supply diversification — new long-term contracts with US, Australia, and other suppliers.
- India's SPR capacity: 5.33 MMT crude oil (~9.5 days consumption); Phase 2 (6.5 MMT) underway
- Supplier diversification: Russia emerged as a key source post-2022, providing discounted crude
- Domestic production: ONGC and OIL account for approximately 12% of India's consumption
- Green hydrogen and renewable energy: long-term structural hedge against oil import dependence
- IEA (International Energy Agency): India became a full member in 2024, strengthening energy security cooperation
● Tracked since February 07, 2026 · last seen April 18, 2026 · updates as the daily brief publishes