QatarEnergy and India’s Petronet LNG on 6 February signed a 20-year 7.5mn t/y LNG deal from May 2028. The deal in effect constitutes a renewal, albeit with lower volumes, of two existing agreements with Petronet for 8.5mn t/y to 2028: a 25-year 7.5mn t/y deal starting in 2004 (MEES, 9 April 2001) and a subsequent 1mn t/y for 12 years from 2016 (MEES, 23 December 2016).

India alongside subcontinent neighbor Bangladesh is a price sensitive importer of LNG and has managed to secure cut rate prices in the past (MEES, 2 February), although no details of the pricing was made public for this deal. Qatar is on a signing spree as it seeks to contract out volumes from its North Field expansion projects, which are due to be completed in 2028. (CONTINUED - 124 WORDS)