India to seek higher volume, better price for Qatar LNG deal renewal
NEW DELHI (Reuters) – India’s top gas importer Petronet LNG will seek higher volumes at better prices from Qatar Gas during negotiations for an extension of its long-term liquefied natural gas (LNG) deal beyond 2028, its head of finance said on Wednesday.
Petronet and Qatar Gas need to negotiate the extension of their current deal for 7.5 million tonnes per annum (mtpa) of LNG by the end of 2023.
“We are trying to extend the contract beyond 2028, we are making all efforts to renegotiate and perhaps expand that contract,” Vinod Kumar Mishra told an analyst call after the Petronet announced quarterly earnings.
