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India Negotiates LNG Deal with Russia Amid Energy Crisis

3/27/2026

Summary

Story summary

India is negotiating a potential liquefied natural gas (LNG) deal with Russia as energy prices rise after U.S.-Israeli actions in Iran.
India reduced Russian crude purchases as a concession to U.S. tariffs, signaling alignment with Western pressure.
A verbal LNG deal was reached on March 19, with negotiations possibly concluding soon.
India seeks to resume significant Russian crude imports, potentially 40% of total, and requests a U.S. sanctions waiver.

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Story summary

India is negotiating a potential liquefied natural gas (LNG) deal with Russia as energy prices rise after U.S.-Israeli actions in Iran.
India reduced Russian crude purchases as a concession to U.S. tariffs, signaling alignment with Western pressure.
A verbal LNG deal was reached on March 19, with negotiations possibly concluding soon.
India seeks to resume significant Russian crude imports, potentially 40% of total, and requests a U.S. sanctions waiver.