QatarEnergy, Petronet sign 20-year LNG supply deal

QatarEnergy has agreed to supply 7.5 million tonnes/year (tpy) of LNG to India for 20 years through a purchase agreement with Petronet LNG Ltd.

Contracted LNG volumes from Qatar will be delivered ex-ship to terminals across India onboard QatarEnergy’s LNG fleet starting May 2028.

Petronet first entered into an agreement for the supply of LNG from Qatar in 1999 for the delivery of 7.5 million tpy. It was followed in 2015 by another agreement for the supply of an additional 1 million tpy of LNG, raising the total annual long-term volumes contracted between the two sides to 8.5 million tpy.