Petronet does not predict major impact from Qatar fallout
Published by Joseph Green,
Editor
LNG Industry,
Reuters are reporting that India's Petronet LNG has announced that it did not expect any impact on gas supplies from Qatar after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed ties with the Gulf Arab state.
"I don't think there will be any impact on it. We get gas directly from Qatar by sea," R.K. Garg, head of finance at Petronet announced.
Petronet LNG, India's biggest gas importer, buys 8.5 million tpy of LNG from Qatar under a long-term contract.
It also buys additional volumes from Qatar under spot deals.
Read the article online at: https://www.lngindustry.com/liquefaction/05062017/petronet-does-not-predict-major-impact-from-qatar-fallout/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.