India hoping for better deals from US LNG suppliers

India is seeking to renegotiate the contracts it has signed with LNG suppliers in the United States following its recent successes.
By Staff reporter 5 October 2017 0 27865

India is seeking to renegotiate the contracts it has signed with LNG suppliers in the United States following its success in reducing prices under contracts with Qatar and ExxonMobil, according to The Economic Times.

Gail is seeking to renegotiate the 2011 sales-and-purchase agreement with Cheniere Energy for 3.5 mtpa over a period of 20 years.

Gail wants the fixed-cost portion of the contract to bring prices down to $7-8/MMBtu from $9.7/MMBtu at present, officials told the newspaper.

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