Indian LNG imports jump 14.3 percent for current fiscal year to December as prices drop and demand grows
Indian liquefied natural gas imports surged for another month by just over 12 percent and by more than 14 percent for the fiscal year so far, helped by lower prices and higher demand and despite more competition from increased output from Bay of Bengal domestic gas resources.
Russian LNG exports to Europe and Asia decline slightly while Russia’s oil deliveries are still much in demand
Exports of Russian liquefied natural gas cargoes from the Yamal plant in northern Siberia and the Sakhalin plant in Russia’s Far East declined only slightly in the past year as Moscow also adapted its oil export policies under the OPEC+ regime as well as to cope with Western sanctions over Ukraine.
European natural gas and LNG prices skyrocket over $60 per MMBtu while Brent almost hits $140 a barrel
European wholesale natural gas prices and LNG values skyrocketed to record levels over $60 per million British thermal units on March 7 as the North Sea Brent crude oil price soared to over $139 a barrel after the US pushed for its allies to stop buying Russian oil over the Ukraine invasion.
