Finance
Russia Offers Sanctioned Lng to Asia at Discount of 40%, Bloomberg News Says
Published by Global Banking & Finance Review®
Posted on April 9, 2026
1 min readLast updated: April 9, 2026
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Russia is offering LNG from its U.S.-sanctioned facilities to Asian buyers—particularly China—at discounts of up to 40% compared to spot prices, aiming to capitalize on global gas shortages by using intermediaries based in China and Russia.
Russia Offers Sanctioned LNG to Asia at 40% Discount, Says Bloomberg
Russia's LNG Discount Strategy Amid Sanctions
Efforts to Attract South Asian Buyers
April 9 (Reuters) - Russia seeks to lure South Asian nations to buy shipments from its U.S.-sanctioned facilities with large discounts, leveraging a global natural gas supply crunch, Bloomberg News said on Thursday, citing people familiar with the matter.
Details of the Discounted Shipments
The shipments were being offered last week at a discount of 40% to spot prices via little-known intermediary companies based in China and Russia, it said.
Reporting and Editorial Credits
(Reporting by Disha Mishra in Bengaluru; Editing by Clarence Fernandez)
Key Takeaways
- •The 40% discount makes sanctioned Russian LNG highly competitive in Asia amid tightening global supply, helping Russia reroute volumes toward China via intermediaries (boereport.com)
- •Since August, Novatek’s Arctic LNG‑2 project has offered cargoes at roughly $3–4/mmBtu below benchmark prices (30–40% discount), helping overcome sanctions and begin exports (boereport.com)
- •Chinese imports of Russian LNG surged—November 2025 volumes reached a record 1.6 million tonnes, making Russia the second‑largest supplier to China, helped by steep price cuts (komersant.ua)
References
Frequently Asked Questions about Russia offers sanctioned LNG to Asia at discount of 40%, Bloomberg News says
1Why is Russia offering LNG at a discount to Asian nations?
Russia is offering discounted LNG to attract South Asian buyers amid a global natural gas supply crunch.
2How much is the discount on Russian LNG shipments?
Russian LNG shipments are being offered at a 40% discount to prevailing spot prices.
3Through which intermediaries is Russia offering LNG?
The LNG shipments are offered via little-known intermediary companies based in China and Russia.
4Which news outlet reported on Russia's LNG discounts to Asia?
Bloomberg News reported on Russia's discounted LNG offers to South Asian nations.
