High gas prices severely curtails LNG imports – 21 Oct 2021

This website had never witnessed such a short list of LNG vessel line-ups ever at Indian terminals as of today.

The spot market, making up, as Reuters pointed out as much as 40% of the Indian market (though companies like GAIL says the market is much smaller), is dead

Then again, while every long term domestic contract for gas is still honoured by every bulk supplier, the international arbitrage advantage is so huge, be it contracts attached to oil or Henry Hub, that a long term buyer like GAIL is trying every means possible to offload cheaper cargoes at higher prices in the global market