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Spot LNG prices rise sharply
March 19, 2026
|Financial Express Mumbai
Govt makes ad hoc provision of ₹600 crore for fertiliser plants
SPOT PRICES OF LNG, a key feedstock for urea production, rose sharply to $19 per metric million Btu (MMBtu) in the latest purchase by the state-owned GAIL from an average of $11-12 MMBtu in April-February this financial year, sources said.
The spot purchase of LNG was initiated on Tuesday after the virtual blockade of the Strait of Hormuz, a key import route from the Gulf countries, led to concerns about gas supplies.
Sources said the government has made a provision of over ₹600 crore for augmenting LNG supplies to fertiliser plants from the spot market for the time being.
هذه القصة من طبعة March 19, 2026 من Financial Express Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Mumbai
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