India Boosts Spot LNG Imports to Meet Fertiliser and Power Demand

Bloomberg, Discovery Alert, Yahoo Finance · Jul 04, 2026 00:00

India has significantly increased spot LNG purchases for June and July delivery to compensate for disrupted Middle Eastern supply and satisfy rising demand from fertilizer production, power generation, and households. Spot LNG prices have climbed to $18-$19/MMBtu, notably higher than long-term contract prices of around $13/MMBtu.