The war in West Asia and the consequent closure of the Strait of Hormuz has upended the regular flow of liquefied natural gas (LNG) to India from key suppliers like Qatar and the United Arab Emirates (UAE), leading to a scramble for LNG cargoes from alternate geographies and a recast of New Delhi’s natural gas import basket. Notably, the supply disruption has not been as severe as initially anticipated. That is not just true for India but even at the global level, due to a combination of alternative suppliers raising exports and demand curtailment in various parts of the world. India’s LNG imports rebounded a bit after faltering in March, as importers turned to suppliers that don’t depend on the Strait of Hormuz to secure emergency spot cargoes.…