Russia Offers US-Sanctioned LNG to South Asia at 40% Discount via Intermediaries

Russia is offering LNG from its US-sanctioned facilities to South Asian countries at a 40% discount.

“Home / Economy / News / Russia offers sanctioned LNG to energy-hungry Asia at 40% discount Russia offers sanctioned LNG to energy-hungry Asia at 40% discount The effective closure of the Strait of Hormuz - and attacks on the world's largest LNG export plant in Qatar - has throttled about a fifth of global supply, upending the gas market and lifting prices Advertisement”

Business Standard

The sellers claim they can provide paperwork to make shipments appear from non-Russian sources like Oman or Nigeria.

News.az

The effective closure of the Strait of Hormuz and attacks on Qatar's LNG plant have throttled about a fifth of global supply.

Bangladesh has resorted to buying from the spot market at times paying double the usual price.

Both Bangladesh and India have had to reduce gas supply to the fertilizer sector.

NewsBytes

India has stated it would not accept Russian LNG from blacklisted projects.

Russia has been steadily increasing exports from its US-sanctioned plants Arctic LNG 2 and Portovaya.

“Russia slashes LNG prices by 40% for Asian buyers What's the story In a bid to capitalize on the global natural gas supply crisis, Russia is trying to sell liquefied natural gas (LNG) from its US-sanctioned facilities to energy-starved South Asia”

NewsBytes

China is the primary importer utilizing a network of shadow fleet vessels.

The use of intermediaries and false paperwork points to a murky supply chain.