Russia offers South Asian countries sanctioned LNG at 40% discount amid war-induced energy crisis: Report

What Happened

Russia is offering LNG from US-sanctioned facilities to South Asian countries at 40% discounts via intermediary companies in China and Russia. Sellers reportedly provided paperwork claiming shipments originated from non-sanctioned sources like Oman or Nigeria. Global LNG supply has tightened due to Strait of Hormuz closure and Qatar plant attacks, reducing supply by approximately one-fifth. Bangladesh and India face higher LNG costs and reduced fertilizer sector supply. India previously rejected Russian LNG from blacklisted projects but recently purchased Iranian oil.

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