The US equipped 10.7 million tonnes of crude oil to India in 2020, behind Iraq’s 47 million tonnes, Saudi Arabia’s 38 million tonnes, and UAE’s 22 million tonnes, mentioned the BP’s Statistical Review of World Energy.
The US provide accounted for about 5% of India’s whole imports of 204 million tonnes in the yr, a giant leap for the nation which had began exporting oil to India in 2017. It additionally turned out to be the fourth-largest natural gas supplier to India in 2020.
Indian refiners have been making an attempt to diversify their provide base to scale back dependence on West Asia, which nonetheless accounts for the lion’s share. West Asian international locations made up 64% of India’s imports whereas the 2 American continents accounted for 18%. India imported 8 million tonnes of crude oil from Mexico and a million tonnes from Canada. Kuwait equipped 9.9 million tonnes.
Iraq has been India’s high supplier for the previous few years, staying forward of Saudi Arabia, which has been producing lower than its capability to meet OPEC provide curb commitments.
Saudi Arabia was the largest supplier of crude oil to China, the largest oil importer in the world in 2020. China imported 557 million tonnes, with Saudi Arabia (85 million tonnes), Russia (83), Iraq (60), South and Central America (72) and West Africa (72) as its primary suppliers. The US equipped 20 million tonnes of crude oil to China, virtually double that of India.
India imported almost 36 billion cubic metres (bcm) of liquefied pure fuel (LNG) in 2020, with Qatar (14 bcm), UAE (5), Nigeria (4), US (3) and Angola (3) being the highest suppliers. China imported 94 bcm of LNG through the yr, with Australia (41), Malaysia (8) and Indonesia (7) as high suppliers.
Japan remained the highest LNG importer in the world, with imports of 102 bcm in 2020. Global LNG commerce rose 0.6% year-on-year in 2020.