India Declines Russian LNG Amid Sanctions
India has reportedly rejected shipments of Russian Liquefied Natural Gas (LNG), citing sanctions against Russia. This decision comes despite global supply concerns, particularly those stemming from the Middle East.
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Why India turned down Russia's LNG despite Middle East-driven supply concerns
India has reportedly rejected Russian LNG cargoes under US sanctions, despite energy security worries. A sanctioned Russian LNG shipment is now stranded near Singapore as India navigates compliance risks. While India continues to import Russian crude, LNG is harder to conceal from global tracking systems. Discussions are ongoing for non-sanctioned Russian supplies.
By TOI BUSINESS DESK
Read full article →India Rejects Russian LNG Under Sanctions
India Rejects Russian LNG Under Sanctions India rejected Russia’s offer to sell it liquefied natural gas subject to US sanctions, despite a huge shortfall driven by Middle East tensions, leaving a tanker bound for India in limbo as talks continue on permitted cargoes, Reuters reports. The stance highlights the fine balance the world’s third-biggest oil importer and consumer is seeking to strike between securing energy supplies and avoiding LNG cargoes on which the U.S. has ...
By Tyler Durden
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