India Buys Most Expensive LNG in Years Amid Market Disruptions
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India has purchased its most expensive liquefied natural gas (LNG) in years due to market disruptions. Gail India Ltd., a state-run gas company, recently paid over $23 per million British thermal units for a September delivery. The high prices are attributed to the upheaval in global energy markets, particularly the impact of the US-Iran conflict on supplies.
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