Russia Offers Discounted LNG to South Asia Amid Energy Strain

Russia is reportedly providing liquefied natural gas (LNG) to South Asian countries at approximately $60 per barrel, significantly below the market rate of around $100. According to NS3.AI, this offer was extended to BRICS members and other regional buyers last week, with intermediary companies in China and Russia facilitating the shipments. The discounted offer arises amid ongoing energy supply challenges around the Strait of Hormuz and concerns over potential U.S. tariff retaliation.