Skip to main content

Petronet LNG’s talks to invest in Qatar exploration and production sector slow down

Published by
LNG Industry,


According to Reuters, Petronet LNG – India’s largest LNG importer – has stated that its talks to invest in Qatar’s exploration and production sector have slowed down.

Reportedly, this is due to the fact that the company has not been able to come to an agreement with Qatar regarding pricing.

Reuters quoted Prabhat Singh, managing director of Petronet LNG, as saying: “Qatar is still at a very preliminary stage. We were actually looking at getting the molecule (gas) at the wellhead price. They want to sell it at market price.”

According to Reuters, Petronet LNG was looking to partner with ONGC Videsh Ltd (OVL) in order to acquire a stake in an upcoming exploration and LNG project in Qatar. OVL is the overseas arm of Oil and Natural Gas Corp. Ltd, which is India’s largest explorer.

Reuters reports that this project would have represented Petronet’s first steps into the gas exploration and production business and overseas LNG terminals.

Read the article online at: https://www.lngindustry.com/liquefaction/16102018/petronet-lngs-talks-to-invest-in-qatar-exploration-and-production-sector-slow-down/

You might also like

 STATS Group

[WEBINAR] Digital Shipbuilding: A Transparent and Real-Time View of the Fabrication Process is Possible

In this webinar, Ismo Piirainen and David Whittle of Hexagon PPM will be discussing the digitalisation and digital transformation trends driving Industry 4.0, especially when it comes to fabrication. Register for free today »

 

Taking loading systems to the next level

Stephane Paquet, TechnipFMC Loading Systems, France, discusses the development of green, simple and cost-effective loading systems for LNG applications.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

India LNG news LNG project news LNG export news Qatar LNG news


 

LNG Industry is not responsible for the content of external internet sites.