Amid swirling global energy uncertainties, India’s Ministry of External Affairs declares citizen energy security as non-negotiable priority number one. Spokesperson Randhir Jaiswal drove this home in New Delhi’s weekly presser, detailing a flexible playbook attuned to market pulses and geopolitical winds.
The government’s mantra is clear: Protect supplies for 1.4 billion through smart diversification. ‘This has been publicly affirmed multiple times,’ Jaiswal noted. ‘Decisions past, present, and future orbit this core objective, leveraging diverse sources per real-world conditions.’
Queried on Venezuela, Jaiswal traced a partnership spanning oil imports, business ventures, and capital flows. Pre-2020 imports thrived; sanctions forced a stop. A 2023 revival met the same fate with reimposed curbs. Yet, Indian PSUs stand firm since 2008 via PDVSA alliances.
Openness defines policy: India eyes any supplier’s offerings through a commercial lens, prioritizing viability for energy stability.
Fresh impetus arrived via PM Modi’s chat with acting President Delcy Rodriguez. His X post heralded a joint roadmap to amplify ties, echoing PMO elaboration on broadened scopes in energy, commerce, tech innovation, medical aid, agribusiness, and interpersonal bonds.
This episode exemplifies India’s astute navigation of sanctions and alliances. By keeping doors ajar to proven partners like Venezuela, New Delhi hedges bets effectively. The approach not only secures today’s needs but charts a sustainable path forward, embodying resilience in an era of flux.