Free Trial

Qatar to Offer Cheaper, More Flexible LNG Deal to India


Qatar Energy could sign a long-term LNG supply deal with Indian buyers within weeks under cheaper and more flexible terms than with existing contracts, trade sources told Reuters.

  • The deal between the Indian firms and Qatar Energy could be signed by end-January of early-February as both sides have already agreed on the terms, one of the sources said.
  • The agreement would run until at least 2050 and offers destination-flexible cargoes and lower prices, the source said.
  • The future agreement would extend contracts for 8.5mtpa of LNG that are set to expire in 2028.
  • One of the sources said the deal is likely to be signed at a price of around a 12% slope/mmBtu. A second source gave a range of 12-12.5% for supplies on a FOB basis for India.
  • The second source said a deal could be signed during an energy conference in India from 6-9 February.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.