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Market Chatter: India Reportedly Eyes Energy Deals With Mauritius, Seychelles

-- India is reportedly reviewing energy supply requests from Mauritius and Seychelles while seeking government-level agreements, according to multiple media sources on Friday.

New Delhi is evaluating Mauritius' request for fuel shipments and prefers a bilateral government-to-government framework to formalize any potential supply arrangement, according to the reports, citing a foreign ministry spokesperson.

India has already been supplying fuel to several neighboring countries, including Bangladesh, Nepal, Bhutan, and Sri Lanka, and has also received a similar request from the Maldives.

The country relies on the Strait of Hormuz for about 40% of its crude imports and has been invited by Britain and France to join efforts to secure the key shipping route, according to reports.

has reached out to the India's Ministry of External Affairs for any comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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