India looks to renegotiate Qatar LNG deals
Published by Will Owen,
Editor
LNG Industry,
Reuters is reporting that India is seeking to renegotiate the price of its long-term LNG contracts with Qatar.
The renegotiation is being sought in light of the fact that spot cargoes being delivered to India are currently being priced at approximately half the amount that the country is paying to Qatar under its long-term deals.
India currently imports 8.5 million tpy from Qatar under long-term contracts.
A previous renegotiation in 2015 saw India and Qatar agree to cut their previous contact price by half.
Read the article online at: https://www.lngindustry.com/lng-shipping/27012020/india-looks-to-renegotiate-qatar-lng-deals/
You might also like
Reuters: Philippines coal power declines amid rising LNG use
An analysis of market and government data by Reuters shows the Philippines is on track for an annual decline in coal-fired electricity output for the first time in nearly two decades, driven by rising LNG-fired power generation.