India, Pakistan left in a lurch as gas deliveries get redirected to Europe

With gas prices more than 150% higher since the Russian invasion in February, and wealthier nations able to pay more to ensure adequate supplies, emerging nations can't compete

inflation, india, pakistan
Representative Image (Photo: Bloomberg)
Stephen Stapczynski, Anna Shiryaevskaya, & Faseeh Mangi | Bloomberg
5 min read Last Updated : Aug 19 2022 | 9:21 AM IST
Russia’s war in Ukraine has Europe bracing for a tough winter, but the costs are piling up higher in emerging nations as governments struggle to keep energy flowing to citizens hit by surging inflation. 
Indian natural gas distributor Gail has been unable to secure enough LNG for its domestic customers, forcing it to cut supply to major users such as petrochemical plants and fertilizer makers. In Thailand, retail electricity tariffs were hiked by 17 per cent this week because of pricey LNG imports.
 

 
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Topics :Pakistan Pakistan-India Fuel consumptionEuropeRussia Ukraine ConflictGAIL IndiaUkraineUkraine civil warKiev Ukraine

First Published: Aug 19 2022 | 8:06 AM IST

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