Qatar seeking stronger LNG cooperation with India
World’s largest liquefied natural gas (LNG) exporter, Qatar is seeking to strengthen relations with India, especially in the LNG sector.
The bilateral cooperation and means to strengthening energy relations was a hot topic during Qatar Petroleum president & CEO and the chairman of Qatargas, Saad Sherida Al-Kaabi’s talks with India’s minister of petroleum and natural gas Dharmendra Pradhan.
Al-Kaabi, and the accompanying delegation from Qatar Petroleum and Qatargas, held similar talks with the senior leadership of Indian Oil, GAIL, Petronet, and Reliance Industries, Qatar Petroleum said in a statement.
Qatar Petroleum’s business relationship with India includes LNG supplies and other energy products to fuel its economy.
India also represents one of Qatar’s largest markets with more than 10 million tons delivered annually in recent years. Qatargas supplies multiple customers in India and is the single largest LNG supplier to the country.
In 1999, RasGas (now Qatargas) and Petronet LNG signed a long-term SPA for 7.5 million tons per annum of LNG. This was followed in December 2015 with a new SPA for the supply of an additional one million tons per annum, raising the total annual long-term commitment between the two companies to 8.5 million tons per annum.