Indian companies have accrued additional volumes of discounted liquefied natural gas from Russia while other customers avoid doing business with Moscow over its war on Ukraine.
Business Insider USFlames are seen as excess natural gas is flared at the Cactus gas processing center, run by state oil company Pemex, near Colonia El Carmen, Chiapas, Mexico, October 19, 2021.Major companies in India have purchased liquefied natural gas cargoes from Russia for bargain prices, sources told Bloomberg.
Gujarat State Petroleum and GAIL India purchased several liquefied natural gas cargoes from Russia at bargain rates, sources toldMonday. And these purchases could continue, the people said, as long as the prices remain lower than other suppliers.
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