India Rejects Sanctioned Russian LNG, Stranding Tanker as Energy Crunch Deepens
India has turned down Russia’s attempt to supply liquefied natural gas from projects hit by U.S. sanctions, two people directly involved told Reuters. With the cargo bound for India now lacking a destination, negotiations are still ongoing for shipments New Delhi could accept without violating sanctions. LNG—short for liquefied natural gas—is simply natural gas cooled to liquid for shipping by sea. This decision carries real weight as India looks to maintain fuel supplies. Middle East turmoil has driven energy prices higher and put pressure on the rupee. The country, which ranks third globally in oil imports and consumption, sources over 90% of its crude from other nations and imports about half its natural gas.