Russia offers South Asian countries sanctioned LNG at 40% discount amid war-induced energy crisis: Report

Russia is seeking to leverage a global natural gas supply crunch to lure energy-starved South Asia into purchasing shipments from its US-sanctioned facilities, according to people familiar with the matter.

The shipments were being offered at a 40% discount to spot prices last week via little-known intermediary companies based in China and Russia, said the people, who asked not to be named as they aren’t authorized to speak with the media.