Poging GOUD - Vrij
Spot LNG prices rise sharply
Financial Express Lucknow
|March 19, 2026
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.
Dit verhaal komt uit de March 19, 2026-editie van Financial Express Lucknow.
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