Petronet signs a new long-term agreement to source LNG from Qatar

Petronet LNG, India’s flagship Liquified Natural Gas (LNG) terminal owning company, on Tuesday announced a new long-term deal to source 7.5 million metric tonnes per annum of LNG from Qatar.

Announced on the sidelines of India Energy Week 2024, the deal will see LNG supplies being made-on-delivered basis by state-owned QatarEnergy from 2028 till 2048, Petronet said.

An existing deal for another 7.5 MMTPA of LNG from Qatar, signed back in 1999, was also recently extended by the company till 2028.