Oman Overtakes U.S. as India's Top LNG Supplier in September

Oman was India’s single biggest LNG supplier in September, toppling the United States that held the top spot for months after the Iran war began, as European buyers are snapping up American cargoes and intensifying the competition of spot U.S.

The arbitrage economics have worked in Europe’s favor in recent weeks in attracting U.S.

LNG cargoes, and European buyers gobbled up additional American supply amid historically low levels in gas storage sites across the EU ahead of the winter.

As a result, India boosted imports… Home Oil Prices Oil Futures Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Geopolitics Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Company News Breaking News Premium Articles My Account Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S.

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The arbitrage economics have worked in Europe’s favor in recent weeks in attracting U.S.

LNG cargoes, and European buyers gobbled up additional American supply amid historically low levels in gas storage sites across the EU ahead of the winter.

As a result, India boosted imports of liquefied natural gas from other sources, and Oman became the biggest supplier.

India’s imports from Oman jumped by 11.6% to 0.59 million tons last month compared to August, while imports from the United States crashed by 60.7% from the previous month, to 0.34 million tons, per tanker-tracking data by Kpler cited by The Indian Express .