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QatarEnergy has entered right into a 20-year LNG sale and buy settlement (SPA) with Petronet LNG Ltd for the provision of seven.5 million tpy of LNG destined to the Republic of India.
Pursuant the phrases of the SPA, the contracted LNG volumes from Qatar will likely be delivered ex-ship to terminals throughout India onboard QatarEnergy’s huge LNG fleet beginning Could 2028.
The signing of the SPA was celebrated throughout a particular ceremony held in Goa, India below the patronage of Saad Sherida Al-Kaabi, the Minister of State for Power Affairs, the President and CEO of QatarEnergy, and Hardeep Singh Puri, the Minister of Petroleum & Pure Fuel, and Housing & City Affairs within the Republic of India. In attendance had been Pankaj Jain, Secretary, Ministry of Petroleum & Pure Fuel and Chairman of Petronet LNG, Sandeep Kumar Gupta, the Chairman and Managing Director of GAIL (India) Ltd, Shrikant Madhav Vaidya, the Chairman of Indian Oil Corp., and Krishnakumar Gopalan, the Chairman and Managing Director of Bharat Petroleum Corp. Ltd.
To mark this essential achievement, a doc commemorating the event was signed by Akshay Kumar Singh, the Managing Director and CEO of Petronet LNG Ltd and Abdulla Ahmad Al-Hussaini, QatarEnergy’s Government Vice President for Advertising.
Al-Kaabi stated: “This settlement is one other key milestone within the long-standing power partnership between Qatar and India and comes on the heels of the 20th anniversary of the primary LNG cargo to India.”
“We imagine that this new settlement, with our valued clients Petronet LNG and its esteemed shareholder corporations, will additional strengthen the connection with India and help its imaginative and prescient to extend the contribution of pure fuel in its power combine.”
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/07022024/qatarenergy-and-petronet-sign-20-year-lng-spa/
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