Energy companies in India have been paying some of the highest prices they’ve paid in years for liquefied natural gas on the spot market as the Iran war continues to disrupt supplies of the fuel.
Gail India Ltd., a state-run gas company, recently paid more than $23 per million British thermal units for a cargo to be delivered in September, according to people familiar with the matter. India’s Gujarat State Petroleum Corp. paid in the mid-$23 range per mmbtu for a September cargo, the people said.
