Finance

Russia offers sanctioned LNG to Asia at discount of 40%, Bloomberg News says

Published by Global Banking & Finance Review

Posted on April 9, 2026

1 min read

· Last updated: April 9, 2026

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Russia offers sanctioned LNG to Asia at discount of 40%, Bloomberg News says
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April 9 (Reuters) - Russia seeks to lure South Asian nations to buy shipments from its U.S.-sanctioned facilities with large discounts, leveraging a global natural gas supply crunch, Bloomberg News

Russia Offers Sanctioned LNG to Asia at 40% Discount, Says Bloomberg

Russia's LNG Discount Strategy Amid Sanctions

Efforts to Attract South Asian Buyers

April 9 (Reuters) - Russia seeks to lure South Asian nations to buy shipments from its U.S.-sanctioned facilities with large discounts, leveraging a global natural gas supply crunch, Bloomberg News said on Thursday, citing people familiar with the matter.

Details of the Discounted Shipments

The shipments were being offered last week at a discount of 40% to spot prices via little-known intermediary companies based in China and Russia, it said.

Reporting and Editorial Credits

(Reporting by Disha Mishra in Bengaluru; Editing by Clarence Fernandez)

Key Takeaways

  • The 40% discount makes sanctioned Russian LNG highly competitive in Asia amid tightening global supply, helping Russia reroute volumes toward China via intermediaries (boereport.com)
  • Since August, Novatek’s Arctic LNG‑2 project has offered cargoes at roughly $3–4/mmBtu below benchmark prices (30–40% discount), helping overcome sanctions and begin exports (boereport.com)
  • Chinese imports of Russian LNG surged—November 2025 volumes reached a record 1.6 million tonnes, making Russia the second‑largest supplier to China, helped by steep price cuts (komersant.ua)

References

Frequently Asked Questions

Why is Russia offering LNG at a discount to Asian nations?
Russia is offering discounted LNG to attract South Asian buyers amid a global natural gas supply crunch.
How much is the discount on Russian LNG shipments?
Russian LNG shipments are being offered at a 40% discount to prevailing spot prices.
Through which intermediaries is Russia offering LNG?
The LNG shipments are offered via little-known intermediary companies based in China and Russia.
Which news outlet reported on Russia's LNG discounts to Asia?
Bloomberg News reported on Russia's discounted LNG offers to South Asian nations.

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