Tanker-tracking data from Kpler reveals a stark contraction in U.S. shipments to India, which plummeted 60.7% in September to 0.34 million tons. Conversely, Oman capitalized on the vacuum, increasing its exports to the region by 11.6% to reach 0.59 million tons. Nigeria secured the second position with 0.35 million tons, while the United Arab Emirates rounded out the top four with a 27.3% monthly surge.
Oman Displaces U.S. as Primary LNG Supplier to India
A sharp shift in global energy flows has pushed Oman to the top of India’s LNG supply chain, as European importers aggressively outbid Asian buyers for American cargoes. The realignment leaves the United States, previously India's dominant supplier, relegated to third place in a market dictated by winter storage needs.
The volatility in supply routes stems from arbitrage economics that favor European buyers desperate to fill gas storage sites before winter. Despite the logistical upheaval and a significant rise in tender award prices—climbing from $16.8–18.8 per MMBtu earlier this year to $26.4/MMBtu in September—India’s demand has remained resilient. Wood Mackenzie analysts credit this stability to a tiered management strategy that shielded residential city gas distribution while sacrificing industrial and refinery sectors to maintain national energy security.
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