Mukesh Ambani, the richest Asian man, is racing for the purchase of American ethan gas as a shield against President Trump’s business war.
His company Reliance Industries imports 1.6 million tonnes from the American slate fields every year, supplied in giant Gujarat factories. This cheap gas is replaced by a more expensive oil diesel for plastic production and saves $ 450 million a year.
Since Trump threatens 26% “reciprocal tariffs” on Indian goods up to 9 July, Ambani’s Bet will build India as a key buyer of US energy, which potentially relieves the voltage of $ 43 billion with America. According to Bloomberg report, his flew six specialized Ethane tankers now anchor this strategy.
Gail copies the ambani player when the diesel ends
Indian state gail is also trying to replicate ambani tactics to stay forward in the race. He was looking for 20 -year contracts for American ethane tankers after the government policy reduced the supply of natural gas and injured profits.
Like Reliance, Gail pipes ethan to their chemical plants to replace diesel. The shift is urgent: Ethane costs half than diesel and produces more plastic on the ton. Even Qatar now charges for Ethane in the gas sold by India and forces companies like gail looking for American alternatives. Analysts call it a “permanent shift” because the slate gas will flood global markets.
Trump’s trade wars make Ambani’s movement in time. China once bought most of the US Ethane, but Trump’s tariffs and the department department stopped shops. India now catches this surplus, even if it cannot match the Chinese scale.
Meanwhile, Apple’s plan for the production of iPhone in India faces Trump’s anger over “massive tariffs”, which indicates an uncertain position in Delhi. By strengthening American energy purchases, India hopes to avoid automotive and textile tariffs. Reliance’s Pipeline Network and new ships strengthen their role as a “pressure valve” in business interviews in the US-India.
The connection of ambani-tump runs deep. Ivanka attended the wedding of Ambani’s son of $ 600 million, while Trump hosted his family on his preliminary galauguration. Now their interests are commercially aligned: Trump needs foreign buyers for slate gas, while ambani is looking for cheap ingredients.
As Reliance orders three more ethane tankers, experts warn Indian oil refineries that can be outdated.
(Tagstotranslate) Mukesh Ambani
