India seeks to use global energy challenge as opportunity: Hardeep Puri

NEW DELHI (Reuters) – India, the world’s third biggest oil import, hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said on Thursday, a day after the European Union failed to agree on a Russian oil price cap.

India, which rarely used to buy Russian oil because of costly logistics, has emerged as Russia’s second biggest oil client after China as some Western entities shunned Moscow purchases following its February invasion of Ukraine.

“At this time, the worry is not about from where we will get energy,” Puri said at a broadcaster Times Now summit.