Reuters is reporting that Qatar is not keen to renegotiate its long-term LNG deals with India.
India currently imports 8.5 million t of LNG from Qatar under long-term supply contracts. Renegotiations regarding the price of these contracts are being sought by India, in light of the fact that Asian LNG spot prices recently dropped to approximately 50% of the long-term contract price.
While seemingly reluctant to renegotiate these existing contracts, Qatar is, however, reportedly willing to negotiate the supply of additional volumes of LNG to India.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/29012020/qatar-reluctant-to-renegotiate-indian-lng-deals/