India in touch with multilateral agencies, U.S. DFC for shipping insurance, to shield impact on fuel supplies
The Hindu
India engages with multilateral agencies and U.S. DFC for shipping insurance to ensure secure fuel supplies amid ongoing conflicts.
India is in touch with U.S. authorities for securing maritime insurance cover from the International Development Finance Corporation (DFC), sources in the government informed on Thursday (March 5, 2026).
Further, to shield the country against any potential impact on fuel availability amid the ongoing conflict in West Asia, India was also in touch with Paris-headquartered International Energy Agency (IEA), global oil suppliers and ministers of oil-producing countries, among others, they said.
“We are also in touch with U.S. authorities for the insurance cover from the [International] Development Finance Corp. The proposal had come from the U.S. government,” they informed.
Essential to note for context, U.S. President Donald Trump had stated in a social media post on Wednesday (March 4, 2026), about seeking to provide at a reasonable price – insurance and guarantees – for the financial security of all energy trade routed through the Gulf.
Further, as part of its outreach to keep supplies secure, the source informed, “The government is also in touch with all major oil suppliers, national oil companies, companies with international portfolios and trading entities [in the oil and gas space] for procurement of crude oil and LPG,” the source stated, adding, “We are also in constant touch with the International Energy Agency (IEA) as well ministers of major oil producing countries.”
Further, the source emphasised that New Delhi was not looking at any disruptions to its supplies of liquified petroleum gas (LPG) and liquified natural gas (LNG). “We [India] are not looking at any disruption [for supplies of LNG and LPG],” they stated.
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