Overview
- Russia has offered cut‑price LNG to South Asian buyers, Bloomberg reported Thursday, with cargoes priced about 40% below spot through little‑known firms in China and Russia.
- Sellers told prospects they could supply documents that list non‑Russian origins such as Oman or Nigeria for LNG from sanctioned plants like Arctic LNG 2 and Portovaya.
- Strikes on Qatar’s Ras Laffan hub and disruptions around the Strait of Hormuz have removed roughly one‑fifth of global LNG supply, pushing up prices and forcing India and Bangladesh to seek spot cargoes and limit gas for fertilizer.
- Bloomberg said it could not confirm any discounted sales, and officials in India have signaled caution because of the risk of U.S. action against buyers of sanctioned cargoes.
- China remains the only confirmed taker of sanctioned Russian LNG using a shadow tanker network, while Russia’s output growth faces shipping limits and a shortage of willing customers.