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Qatar reluctant to renegotiate Indian LNG deals

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LNG Industry,

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.

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