Qatar to sign long-term LNG agreement with India
Qatar, world’s largest liquefied natural gas (LNG) exporters, is expected to sign a long-term agreement to provide LNG to Indian buyers, Reuters reported. Petronet LNG Ltd, India’s leading natural gas importer, and Qatar Energy are in the final stages of negotiations.
Qatar, world’s largest liquefied natural gas (LNG) exporters, is expected to sign a long-term agreement to provide LNG to Indian buyers, Reuters reported.
Petronet LNG Ltd, India’s leading natural gas importer, and Qatar Energy are in the final stages of negotiations.
The agreement will offer more cheaper prices and flexible terms than existing contracts.
It is set to be finalized by the end of this month or early February, promises lower pricing and destination-flexible cargoes until at least 2050.
The extension of this deal will strengthen India’s energy market position and meet the nation’s increasing demand for natural gas.