Petronet hopes for Qatari contract relief
Petronet's Kochi LNG terminal. The company's contract with Rasgas provides the bulk of India's LNG. (Petronet)
India’s largest LNG importer could seek to renegotiate the terms of its long-term supply deal with Qatar this year, as the prospect of further deferrals of LNG volumes becomes increasingly unappealing to both sides.
Petronet LNG’s 25-year, 7.5 mtpa contract with Qatar’s RasGas has provided the bulk of volumes delivered to India since 2004, and has typically been competitive with alternative fuels and cheaper than spot LNG.