Business Standard

Monday, December 23, 2024 | 06:07 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Shortage of LNG tankers beginning to affect supplies to India: Industry

Tightening Russian gas supplies to Europe has led to scramble for tankers before winter sets in

LNG
Premium

Indian buyers have expressed unwillingness to buy expensive LNG spot cargoes due to their inability to pass on costs to industrial and residential users, and also lower domestic gas prices due to existing price ceilings

Dhruvaksh SahaSubhayan Chakraborty New Delhi
The rising global shortage of liquefied natural gas (LNG) tankers has begun to affect the supply of the fuel to India, industry executives have warned.

India is the fourth-largest LNG importer globally. International purchases have risen at a time when the continuing diplomatic tussle with Russia has led to European nations scrambling for tankers to transport LNG before winter hits. Meanwhile, the lack of available transport vessels have led to a slide in LNG imports to India.

"Ever since the Russia-Ukraine conflict began, the gas supply that was happening from Russia to Europe has moderated, which Europe is trying to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in