Hormuz Crisis : India’s 3,00,000 Ton LPG stuck in Strait of Hormuz? If it is found, how much cooking gas can be filled?
- 3,00,000 tonnes of India’s LPG stuck in Strait of Hormuz
- If it is found, how much cooking gas can be filled?
- Hope for the government and citizens of the country
In the wake of the Iran-Israel war, India’s LPG crisis is deepening. The government is taking several measures to curb black market and hoarding. Domestic production has also been increased, but Shortage of LPG is getting more serious. Meanwhile, news has emerged that India’s approximately 300,000 tonnes of LPG is stuck in the Strait of Hormuz due to Iran blocking the route. The government and the citizens of the country also hope that if these supplies are received before the situation worsens, this crisis can be averted to a large extent. But do you know how many cooking gas cylinders can be filled if 3,00,000 tonnes of LPG arrives?
First of all, let us clarify from where India bought so much LPG and how much money was spent on it. India mainly buys LPG stuck in the Strait of Hormuz from Qatar. In addition, some LPG was procured from the United Arab Emirates (UAE) and Saudi Arabia and sent to India in six vessels. More than 90% of India’s LPG consumption comes through this route, and Iran’s blockade of the route is deepening the crisis.
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How much does stranded LPG cost?
The price of LPG in the global market is currently around $600 to $800 per ton. The price in Indian Rupees will be around Rs 72,000. Accordingly, the cost of 3,00,000 tonnes would be around $240 million, which translates to approximately Rs 2,300 crore in Indian rupees. Moreover, if transport costs, insurance and other expenses are also included, the total amount will reach around Rs 2,500 crore. The gas is loaded onto six vessels, each of which carries 45,000 to 46,000 tonnes of LPG.
How many kilograms of LPG are there in 300,000 tonnes?
Now you should know how many kilograms of LPG are in 1 ton. Everyone knows that 1 metric ton is 1,000 kilograms. In this sense, 300,000 metric tonnes would contain 300 million kilograms of LPG. This means that approximately 300 million kg of Indian LPG is stuck in the Strait of Hormuz. This is approximately 1% of the country’s annual LPG consumption, as our total annual LPG consumption is around 33 million metric tonnes.
How many cylinders will be filled with 300 million kg of LPG?
Now let’s answer the original question. In India, one cooking gas cylinder contains 14.2 kg of gas. Therefore, 300 million kilograms of gas will fill approximately 21.1 million cylinders. Although this number may seem high, looking at other statistics, this number seems to be sufficient for only a few days’ needs. An average of 8 million cylinders are booked in the country every day. Therefore, 300,000 tonnes of LPG would be enough for only three to four days of consumption.
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