{"id":324832,"date":"2020-01-29T13:11:20","date_gmt":"2020-01-29T07:41:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=324832"},"modified":"2020-01-29T13:11:20","modified_gmt":"2020-01-29T07:41:20","slug":"india-offers-qatar-stake-in-gas-power-plants-wants-lng-price-cut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-offers-qatar-stake-in-gas-power-plants-wants-lng-price-cut\/","title":{"rendered":"India offers Qatar stake in gas power plants, wants LNG price cut"},"content":{"rendered":"<p>NEW DELHI: India has offered Qatar stake in gas-fired power plants in return for long-term offtake assurance for its LNG (liquefied natural gas) shipments and sought renegotiation of the existing supply contract to reduce prices in tune with global trend.<br \/>\nThis will be the second time India will be renegotiating the 25-year contract that Petronet LNG, a company promoted by state-run oil companies, has with Qatar\u2019s RasGas for importing 8.5 million tonne of gas annually. The two sides had renegotiated the contract in 2015 when global gas prices fell as oil prices crashed in an oversupplied market, but India had to commit buying an additional million tonne of gas per year in return.<br \/>\nAccording to an ICICI Securities report, spot LNG has slid 48% from a year-ago period to $4.9 per unit (million British thermal unit) due to a sharp rise in shipments from US adding to the glut amid tepid demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India has offered Qatar stake in gas-fired power plants in return for long-term offtake assurance for its LNG (liquefied natural gas) shipments and sought renegotiation of the existing supply contract to reduce prices in tune with global trend. This will be the second time India will be renegotiating the 25-year contract that Petronet LNG, a company promoted by state-run oil companies, has with Qatar\u2019s RasGas for importing 8.5 million tonne of gas annually. The two sides had renegotiated the contract in 2015 when global gas prices fell as oil prices crashed in an oversupplied market, but India had [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-324832","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=324832"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324832\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=324832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=324832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=324832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}