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Qatar to Offer Cheaper, More Flexible LNG Deal to India

LNG

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.
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