JOURNAL ARTICLE

Indian LNG Importers Scoop Up Spot Shipments After Prices Recede.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Stapczynski, Stephen 3 of 3

Abstract

The article focuses on India's recent increase in spot market purchases of liquefied natural gas (LNG) to address a supply shortage caused by disruptions in the Middle East. Major Indian companies Bharat Petroleum Corp., Gail India Ltd., and Gujarat State Petroleum Corp. secured shipments for delivery between April and June at prices below $16 per million British thermal units, following a period of limited buying due to previously high prices. The supply constraints stem from the effective closure of the Strait of Hormuz and attacks on a major LNG export facility in Qatar, which have reduced global LNG availability by about 20%. Despite a recent price decline from approximately $25 to below $16 per million Btu, prices remain significantly above pre-conflict levels, impacting Indian LNG deliveries and industrial supply. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2026
  • Accession Number:193069274
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