India has decided not to buy liquefied natural gas (LNG) from Russia, which is subject to American sanctions, despite the growing energy deficit in the country.
This is reported by Finway
Risks of Sanctions and Limitations for Russian Exports
India’s refusal reflects the cautious approach of the world’s third-largest oil importer and consumer in balancing energy security with avoiding risks associated with sanctioned LNG.
According to reports, obtaining liquefied gas from Russia is more challenging due to difficulties in concealing its origin, which significantly increases the risk of violating international sanctions. The article emphasizes that these factors influence the Indian side’s decisions regarding energy resource purchases.
Moscow’s LNG Export Opportunities Are Narrowing
India’s refusal of Russian LNG also reflects Moscow’s limited ability to redirect liquefied gas exports to alternative markets. This is particularly relevant for supplies from the Portovaya plant, located on the Baltic Sea, which is under US sanctions.
One informed source reported that unloading LNG from the Russian Portovaya plant, which is under US sanctions and located in the Baltic Sea, has proven impossible, although India was indicated as the destination in mid-April.
Thus, India’s refusal underscores the difficulty for Russia in finding new markets for energy resources amid growing international pressure and sanctions.