India’s Record LNG Buying Meets Record-High Prices
India has spent years bringing more households and businesses onto its gas networks. Now, with domestic production declining, supplying those customers means buying more LNG from a market where prices have tripled in a…
UBS Sees $110 Brent by Year-End as Gulf Flows Stay Below Prewar Levels
Natalia Katona is a freelance commodity analyst, based in the United Arab Emirates.
India has spent years bringing more households and businesses onto its gas networks. Now, with domestic production declining, supplying those customers means buying more LNG from a market where prices have tripled in a year. Imports are nevertheless heading for a record this October.
India’s LNG supply mix has changed a lot since the US-Iran war began in late February 2026. Qatar previously supplied roughly 45% of India’s 24.9 million tonnes of LNG imports in 2025. Its near-disappearance from the market drove a steep decline in Indian imports during the spring months, only for US cargoes to step in, covering around 1/3 of monthly arrivals through September. The gradual restoration of Gulf flows in September, albeit still vulnerable to security disruptions, broadened India’s options.
This story was originally published by OilPrice.com. Read the full story at OilPrice.com →
Conversation