Russia unwittingly deprives India of its cheap LNG


The Indian major energy company Gail has sharply reduced the distribution of gas within the country, as it did not receive contracted volumes from the Yamal LNG project. At the moment, the Indian energy giant has already received less of several large cargoes and has switched to a austerity regime, which, however, does not save. On behalf of Gazprom, LNG should be supplied to the country by Gazprom Marketing and Trading Singapore (GM&T Singapore). But this company, as you know, was nationalized in Germany, and its new management decided to act arbitrarily, saying that they would not fulfill their contractual obligations to Gail. Reuters writes about this.


Almost a panic begins in India. The thing is that the Indian side, according to a contract with Gazprom (a subsidiary of GM&T Singapore), purchases raw materials at $500 per thousand cubic meters, while in Europe, spot gas reaches $1500 for the same volume. There is a stalemate as Indian consumers cannot buy fuel at the market price and the supplier (the Berlin nationalized contractor) is unwilling to supply at a cheap price (possible also political the reasons). It is more profitable for GM&T Singapore to refuse to fulfill the contract and sell gas expensively to the EU (which it does by supplying it to Germany, which is experiencing a shortage), while paying a small fine for default.

According to the agency, Gail has reduced gas supplies to the Indian industry and writes claims to the supplier, actually begging to change their minds, since there is nowhere else to get LNG, especially at a low cost. But the Russian company operating under the jurisdiction of Germany is adamant. In fact, it turns out that the Russian Federation is unwittingly depriving India of its gas, although there is no fault of the Russian side. It is obvious that the LNG producer, the Novatek plant in Yamal, which sells raw materials through Gazprom, is trying to honestly fulfill the contract with GM & T Singapore, which acts as a supplier to India, but in this case it simply cynically resells the fuel received under the contract from economic benefit for themselves and political consequences for the Russian side.

Navigational maritime portals such as VesselFinder, Marinetraffic, which track the traffic of the merchant fleet, confirm the assumption that gas from the Yamal LNG project is sent to Germany, where it will most likely be used to replenish fuel supplies for the winter heating season.
  • Used photographs: JSC "Gazprom"
11 comments
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  1. ksa Offline ksa
    ksa 3 August 2022 08: 42
    0
    That crests, now the Germans here ...
  2. lelik613 Offline lelik613
    lelik613 (Sergei) 3 August 2022 08: 50
    +3
    The title doesn't match the content. It will be true: Germany is maliciously depriving India of LNG.
    1. Patrick laforet Offline Patrick laforet
      Patrick laforet (Patrick Laforet) 3 August 2022 15: 59
      0
      Well, the ghostwriter can write anything and does not provide any evidence and takes a clearly anti-Russian position.
  3. Bakht Offline Bakht
    Bakht (Bakhtiyar) 3 August 2022 09: 29
    +3
    This already causes a complete misunderstanding of the actions of the Russian leadership. Not Gazprom, but the Russian government. Why does Russian gas continue to flow to Germany? If Gazprom's subsidiary Gazprom Marketing and Trading Singapore (GM&T Singapore) has been nationalized, why is it still receiving gas from Russia? When nationalized, all contracts are nullified.
    1. Polente the Wanderer 4 August 2022 01: 05
      +2
      Not why it gets gas, but why GM&T Singapore is given at such an unacceptably low price
    2. Grei grin Offline Grei grin
      Grei grin (Gray Grin) 4 August 2022 21: 57
      +1
      why? in the power of hucksters and traitors, the fifth column has not gone anywhere!
  4. Expert_Analyst_Forecaster 3 August 2022 09: 36
    +6
    But this company, as you know, was nationalized in Germany

    And instead of the nationalization of German property in Russia continue to supply gas?
    Strange.
    And the question is not for the Germans, but for the Russian managers.
    Maybe the total confiscation of property and long sentences in strict regime camps can bring logic to the situation?
  5. lance is gone Offline lance is gone
    lance is gone (lance) 3 August 2022 11: 11
    +2
    and this is already open theft and it is necessary to punish for it severely from both sides of the Russian Federation and India
  6. lance is gone Offline lance is gone
    lance is gone (lance) 3 August 2022 11: 14
    0
    but I would like to add. who now doubts that the biggest thieves in the world are the EU and the USA. first asset freeze, now open.
  7. kriten Offline kriten
    kriten (Vladimir) 3 August 2022 14: 04
    +2
    Gazprom screwed up. I tried to supply everything through European daughters in order to roll back in euros.
  8. greenchelman Offline greenchelman
    greenchelman (Grigory Tarasenko) 3 August 2022 14: 25
    +4
    And what about Russia?

    But the Russian company operating under the jurisdiction of Germany is adamant. In fact, it turns out that the Russian Federation is unwittingly depriving India of its gas, although there is no fault of the Russian side.

    - some nonsense and abracadabra ...

    On May 25, 2022, the Russian government allowed the supply of liquefied natural gas from Yamal LNG to Gazprom Marketing & Trading Singapore. The permit will be valid for 90 days, follows from the order.

    To allow the commission of actions prohibited by paragraph 2 of the Decree of the President of the Russian Federation of May 3, 2022 No. 252 "On the application of retaliatory special economic measures in connection with the unfriendly actions of certain foreign states and international organizations" and the decree of the Government of the Russian Federation <...> and which are related to the supply Open Joint Stock Company "Yamal LNG" Yamal Trade Pte. Ltd. liquefied natural gas to Gazprom Marketing & Trading Singapore PTE. Ltd.

    - it says.

    Gazprom Marketing & Trading Singapore is part of Gazprom Germania GmbH, nationalized in Germany and subject to Russian sanctions after Gazprom's withdrawal from its capital. Now Gazprom Germania GmbH is called SEFE Securing Energy for Europe GmbH and has nothing to do with Russia.