India on Tuesday said it would sign future long-term liquefied natural gas (LNG) purchase deals with Qatar if only Doha agrees to acquire stakes in the South Asian nation’s power plants, oil minister Dharmendra Pradhan said.
India is the latest major LNG buyer to seek concessions from Qatar, the world’s biggest LNG exporter, in order to re-sign long-term supply contracts. Amid a global glut of LNG and a slump in prices, other buyers have sought more flexible contracts, including clauses that would allow them to resell gas they do not consume. Read More…
Credit By : New Indian Express
Latest posts by newindianexpress.com (see all)
- Indian Oil, Partners Look For Cheaper Site For Pacific Northwest LNG Terminal – August 3, 2017
- High Power Rate To Make Railway ‘Disconnect’ TANGEDCO Ties – August 3, 2017
- CRDA To Take Up Development Works In Guntur – July 26, 2017