New Delhi: The ongoing crisis in West Asia owing to the US and Israel’s attacks on Iran and the ensuing war has exposed India to potential disruptions in its imports of liquified natural gas (LNG), as around 69% of India’s LNG imports are reliant on the Strait of Hormuz.A report by Elara Securities, titled “LNG: Steering through the Hormuz bottleneck”, highlights the fact that by calendar year 2025, around 17.5 million tonnes of LNG – equivalent to 63 million standard cubic metres per day (mmscmd) – will be sourced from Qatar, the UAE, and Oman, with shipments either transiting through or near the Strait, reported Financial Express.“After adjusting for GAIL’s US LNG swap optimisation, the effective system exposure moderates to about 66%, but the concentration risk is material,” says the report.It further adds that any disruption in shipments through the Strait of Hormuz would likely ripple across the entire gas value chain.“The earnings transmission mechanism in a disruption scenario would likely move sequentially from terminal utilisation to transmission throughput, and ultimately to downstream industrial margin,” says the report.The report added that Petronet LNG’s Dahej terminal as the most exposed to supply shocks. This facility handles the largest LNG import volumes in India, and has a 76% exposure to shipments linked to the Strait of Hormuz.At present, Kochi and Chhara terminals are fully dependent on middle eastern supplies, reported Financial Express.