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The Economic Times

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India buys its most expensive LNG in years as war upends market

Indian energy companies are paying more than $23 per mmbtu for September LNG cargoes, among the highest prices for imports since 2022, as the Iran war disrupts global supplies. GAIL India and Gujarat State Petroleum Corp. have bought cargoes at these levels, while Bharat Petroleum has also purchased LNG from the spot market.

21 Aug 2026 10:09 pm