India’s liquified natural gas (LNG) importers like Gujarat State Petroleum Corporation and GAIL India Limited have bought extra volume of the gas from Russia when many others have shunned the fuel from Russia. The fuel has been bought at cheaper rates from Russia than rival fuel supplying countries. The Russian LNG shipments have been bought by India at recent spot tenders. India is also seeking discounted prices for Russian oil and has come as a last resort to Russian fuels traded in the spot market after its war with Ukraine.
Indian dealers buy discounted LNG from Russia
