Oman Overtakes U.S. as India's Top LNG Supplier in September
Oman was India’s single biggest LNG supplier in September, toppling the United States that held the top spot for months after the Iran war began, as European buyers are snapping up American cargoes and intensifying the competition of spot U.S. supply with Asia. The arbitrage economics have worked in Europe’s favor in recent weeks in attracting U.S. LNG cargoes, and European buyers gobbled up additional American supply amid historically low levels in gas storage sites across the EU ahead of the winter. As a result, India boosted imports…