India reaches out to US, Iraq for LNG after Gazprom reduces supply: Report

The decision comes as LNG supplies from Russia's Gazprom have been declining since the start of the Russia-Ukraine war

India has reportedly reached out to Iraq, Saudi Arabia, UAE, and the US to secure liquified natural gas (LNG) at affordable prices. The decision comes as LNG supplies from Russia's Gazprom have been declining, according to a report in Mint.  

In 2018, Gazprom Marketing and Trading Singapore (GMTS), a subsidiary of Gazprom, signed a pact with the Gas Authority of India Ltd (GAIL) to supply 2.5 million tonnes of LNG for 20 years. 

But since the start of the war in Ukraine, the supplies from GMTS have been dwindling. 

India's consumption of LNG has been rising on the back of Centre's