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India’s Petronet Seeks More LNG from Qatar Under LT Contract

LNG

India’s Petronet hopes to add 1mtpd of additional LNG supplies when it renews its long-term supply deal with Qatar, chief executive A.K. Singh said.

  • “We are seeking an additional 0.75-1mtpa on top of existing 8.5mtpa contact," Singh said.
  • India’s LNG imports fell for the second consecutive year in 2022, because utilities imported less LNG as India ramped up coal-fired power generation.
  • Petronet plans to expand the capacity of its LNG terminals by more than 53% in the coming years, including by opening its first terminal on India's east coast.
  • India must expand its LNG infrastructure and needs to build strategic reserves of LNG, he added.
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