Petronet LNG and Qatar have a long-standing strategic relationship based on mutual energy interests. Petronet LNG is India’s largest importer of liquefied natural gas (LNG), and Qatar is a major global supplier of LNG.
- Long-term LNG supply agreement: Petronet LNG has a long-term LNG supply agreement with Qatar that expires in 2028. Under the agreement, Petronet LNG imports 8.5 million tonnes per annum (mtpa) of LNG from Qatar. The two parties are currently in negotiations to extend the agreement beyond 2028.
- Joint ventures and partnerships: Petronet LNG and Qatar have been involved in several joint ventures and partnerships to explore and develop natural gas resources. These include:
- RasGas-Qatar LNG Terminal: Petronet LNG holds a 30% stake in the RasGas-Qatar LNG Terminal, which is one of the world’s largest LNG export terminals.
- Qatar LNG Terminal 2: Petronet LNG is considering taking a stake in the Qatar LNG Terminal 2, which is currently under construction.
- Investment in Qatar’s LNG infrastructure: Petronet LNG has invested in a number of infrastructure projects in Qatar, including pipelines and LNG terminals. These investments have helped to strengthen the relationship between the two countries.
Petronet LNG is a key customer for Qatar’s LNG exports, and the company’s investments in Qatar’s LNG infrastructure have helped to develop the country’s LNG industry.
Source: Bard
I hope they work something out. A break up with Qatar is a loss-loss game for both Petronet and Qatar.
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