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Qatar mulls options amid Indian LNG price call

Qatar is once again facing pressure from India to renegotiate a term LNG deal, but the appetite for delinking contracts from oil is weak in Doha Qatar is once again facing pressure from India to renegotiate a term LNG deal, but the appetite for delinking contracts from oil is weak in Doha.
By James Gavin 6 February 2020 Middle East & Africa / Supply & Demand 0 34995
Hazira LNG terminal in Gujarat, India. (Hazira LNG and port)

The key issue: Qatar is in a position to accede to Indian requests for lower LNG prices, but it also knows the risk of being perceived as vulnerable to hard bargaining as it pursues a sharp rise in export volumes.

Interfax analysis: Indian Petroleum Minister Dharmendra Pradhan’s late-January request to delink the price of gas from oil in long-term contracts – in order to take account of weaker global LNG spot prices – will be wearily familiar to Qatari ears.

The two countries have been here...