India’s Petronet eyes lower prices under renewed long-term deal with Qatar

India’s Petronet LNG hopes to extend its long-term gas import deal with Qatar at lower prices than those offered by the world’s top liquefied natural gas (LNG) exporter in recent deals with China and Bangladesh.

Indications are that the deals have been done at a slope of 12-13% to Brent, said A. K. Singh, Petronet’s chief executive. LNG contract prices are typically expressed as a slope, or percentage, of Brent prices.