India’s energy supply chain received a timely boost as a US liquefied petroleum gas (LPG) carrier and a Russian crude oil tanker arrived in quick succession at New Mangalore Port, underscoring shifting global trade flows triggered by disruptions in West Asia.
The US-flagged LPG vessel Pyxis Pioneer docked on Sunday, delivering 16,714 metric tonnes of LPG for discharge to Aegis Logistics. The vessel had departed from Port of Nederland on February 14.
This arrival follows closely on the heels of the Russian tanker Aqua Titan, which reached the port a day earlier carrying 7.7 lakh barrels of crude oil. The cargo—originally destined for China—is being discharged via an offshore pipeline system connected to a jetty located about 12 nautical miles from the coast, supplying Mangalore Refinery and Petrochemicals Ltd.
Trade Routes Shift Amid Hormuz Tensions
The back-to-back shipments highlight the ongoing realignment of global energy flows following tensions around the Strait of Hormuz—a critical artery for global oil and gas transport. Near-disruptions in the region have constrained supplies to Asian markets, forcing importers like India to diversify sourcing and routing strategies.
Mangaluru Emerges as Strategic Energy Hub
Amid this volatility, Mangaluru is increasingly playing a pivotal role in India’s energy logistics network. The port is home to the country’s largest underground LPG storage facility, commissioned in September 2025, with a capacity of 80,000 metric tonnes. Located 225 metres below sea level, the facility enables efficient storage and supply management during periods of global uncertainty.
US Moves to Ease Supply Pressure
In a parallel development, the United States has announced a temporary relaxation of sanctions on Iranian oil already in transit, aiming to stabilise global markets. US Treasury Secretary Scott Bessent stated that the move could release up to 140 million barrels into circulation, though it does not permit new purchases or production.
Oil Prices Surge on Supply Concerns
Global crude prices have remained volatile amid the ongoing tensions, surging from around $70 per barrel pre-conflict to highs of $119.50 this week, reflecting tightening supply conditions and heightened market uncertainty.
