Oil & Gas Indian gas importer seeks no additional Qatar LNG By Reuters October 31, 2023 Reuters/Issei Kato Turkey will continue to acquire 4.4 billion cubic metres of LNG from Algeria annually India’s top gas importer Petronet LNG is not seeking additional volumes when it renews its long-term liquefied natural gas (LNG) deal with Qatar, its head of finance VK Mishra said on Monday on an analyst call. Petronet has a 7.5-million metric tonne per annum (mtpa) long-term LNG import deal with Qatar and its promoters Indian Oil Corp, Bharat Petroleum Corp and GAIL (India) Ltd has a one mtpa deal, Mishra said. Petronet previously said that it would seek up to one mtpa of additional LNG when it renews its deal. QatarEnergy to supply LNG to Netherlands for 27 years LNG is a ‘perfect business’ says TotalEnergies CEO Sinopec takes 5% stake in Qatar’s $29bn LNG project “We are going for renewal of the contract. Renewal means it will be of same quantity,” Mishra said, without elaborating. Indian companies have until the end of this year to negotiate with Qatar for renewal of the deals to beyond 2028. Qatar, the world’s top LNG exporter, aims to expand its liquefaction capacity to 126 mtpa by 2027 from 77 million and recently signed long-term deals with European majors Shell, TotalEnergies and ENI. It has also signed long-term gas deals with China’s Sinopec, China National Petroleum Corp and Bangladesh. The CEO of Petronet LNG earlier in the day said he hoped negotiations between India and Qatar to extend their LNG import deals beyond 2028 would not be harmed by a diplomatic row between the countries. Petronet LNG chief executive officer AK Singh said: “We are in business. It (the diplomatic row) will be handled at the highest level of the country. We hope this does not have any impact on business relations.”
