{"id":360402,"date":"2020-07-01T10:02:49","date_gmt":"2020-07-01T04:32:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360402"},"modified":"2020-07-01T10:27:01","modified_gmt":"2020-07-01T04:57:01","slug":"indias-petronet-close-to-signing-long-term-lng-deal-around-spot-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-petronet-close-to-signing-long-term-lng-deal-around-spot-prices\/","title":{"rendered":"India&#8217;s Petronet close to signing long-term LNG deal around spot prices"},"content":{"rendered":"<p>In a first, India&#8217;s biggest LNG importer Petronet on Tuesday said it is close to signing a long-term LNG deal benchmarked to daily or spot prices, which generally are lower than standard rates of such contracts.<\/p>\n<p>India bought liquefied natural gas (LNG) under long-term contracts from Qatar and Australia at an average of USD 3.5-4.5 per million British thermal unit in the current quarter. Spot or current prices of LNG &#8211; gas turned into liquid at sub-zero temperature for ease of transporting in ships &#8211; are in the range of USD 2. <\/p>\n<p>&#8220;We are very close to a long-term deal on the daily benchmark. There will be a long term deal but on a daily benchmark,&#8221; Petronet LNG Ltd CEO and Managing Director Prabhat Singh told reporters here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a first, India&#8217;s biggest LNG importer Petronet on Tuesday said it is close to signing a long-term LNG deal benchmarked to daily or spot prices, which generally are lower than standard rates of such contracts. India bought liquefied natural gas (LNG) under long-term contracts from Qatar and Australia at an average of USD 3.5-4.5 per million British thermal unit in the current quarter. Spot or current prices of LNG &#8211; gas turned into liquid at sub-zero temperature for ease of transporting in ships &#8211; are in the range of USD 2. &#8220;We are very close to a long-term deal [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-360402","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360402","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=360402"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360402\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}