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Cheapest LNG from Gazprom Russia
June 12 , 2018
2155 days
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- India received first shipment of its so far cheapest Liquefied Natural Gas (LNG) from Russian supplier Gazprom.
- The LNG has been delivered at a price close to USD 7 per million British Thermal Unit (mmBtu) which is around 1.5 USD cheaper from the LNG imported from Qatar, India’s oldest and largest supplier of LNG.
- This price is also 1-1.5 USD per mmBtu cheaper than the LNG sourced from Australia and United States.
- At present, close to half of Natural Gas demand is fulfilled by imports where India is fourth largest importer of LNG.
- Natural Gas is one of the key inputs for generation of power and manufacturing products in fertilizer and steel industries.
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