Reservoirs of news take advantage of global supply and demand tensions, and Russia offers discounted sales of sanctioned natural gas to South Asian countries.
According to informed sources, Russia is trying to take advantage of the tight global natural gas supply by attracting energy-deficient South Asian regions to purchase natural gas from its factories that are sanctioned by the United States. They said that last week, this natural gas was being sold through some lesser-known intermediary companies in Russia at a discount of about 40% from the spot price. They also claimed that the sellers could provide documents to make the goods appear as if they were from non-Russian regions, such as Oman or Nigeria. As the sources were not authorized to speak to the media, they requested to remain anonymous. The media cannot confirm if there have been buyers. The substantial closure of the Strait of Hormuz, combined with the attack on the world's largest liquefied natural gas export factory in Qatar, has disrupted about one-fifth of the global natural gas supply, unsettled the natural gas market, and pushed prices higher. Qatar's natural gas shipments have come to a halt, forcing customers in Bangladesh and India to seek more expensive alternative sources.
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