Key Points
India is likely to sign on Tuesday a multi-billion dollar deal to extend import of 7.5 million tonnes of LNG per year from Qatar for another 20 years beyond 2028 at rates that are lower than current prices, sources said.. Petronet LNG Ltd will sign the deal to extend import contract with Qatar Energy on sidelines of India Energy Week here..
This agreement is intended to bolster Indias strategy of augmenting the share of natural gas in its energy portfolio to 15% by 2030, a significant increase from the current 6.2%..
State-run GAIL (India) Ltd had signed a 10-year liquefied natural gas (LNG) import deal last month with trader Vitol to buy about 1 million metric tons per year (tpy) of the super-chilled fuel from 2026...
Indian companies are investing billions of dollars to build natural gas infrastructure and are scouting for long-term LNG import deals as the nation wants to raise the share of natural gas in its energy mix to 15% by 2030 from the current 6.3 per cent...
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