Russia hunts for new gas
Photo: Aaron Favila AP/TT

Russia hunts for new gas customers in the shadow of the Iran war

Russia is offering large quantities of discounted natural gas to Asian countries hit by energy disruptions caused by Iran's blockade of the Strait of Hormuz - gas that is subject to Western sanctions, Bloomberg reports, citing sources.

Before the Iran war, Russian gas was only sold to China.

The discount Russia is now offering to attract more Asian customers amounts to 40 percent compared with spot prices on the world market. According to sources, the deals will be made with the help of intermediaries in China and Russia.

Russia will also offer documentation that makes it appear the gas comes from Oman or Nigeria rather than from the large, sanctioned Russian gas facilities Arctic LNG 2 and Portavaja.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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