By BullScreen Editorial Team 
India’s state-run gas company GAIL (India) Limited has purchased a liquefied natural gas (LNG) cargo from Oman LNG as the country moves to secure additional supplies to meet rising domestic demand, according to trade sources.
The cargo, sourced through negotiations with a European trader, was reportedly bought at a fixed price between $17 and $20 per million British thermal units (mmBtu). The shipment is expected to arrive in India next week as the country looks to stabilize supply after recent disruptions in the global gas trade.
Shipping data from Kpler shows the LNG cargo is being transported aboard the vessel Orion Hugo LNG Carrier, which has been chartered by energy major Shell plc. The vessel is scheduled to reach India around March 15.
India currently imports roughly half of its daily natural gas consumption of about 195 million standard cubic metres per day (mmscmd). Supplies from the Middle East, which previously accounted for around 60 mmscmd, have been affected following disruptions linked to the closure of the Strait of Hormuz and a force majeure declaration by its largest supplier, Qatar Energy.
To manage the shortfall, authorities have begun redirecting gas from non-priority sectors to essential industries, highlighting the country’s growing dependence on LNG imports to maintain energy stability.