Qatar Diplomatic Isolation Neutral For LNG Volumes In India

Qatar Diplomatic Isolation Neutral For LNG Volumes In India

The recent diplomatic events involving Qatar are unlikely to have a near-term impact on the Liquefied Natural Gas (LNG) volumes imported into India by Petronet LNG Limited (PLL; ‘IND AA+’/Positive), says India Ratings and Research (India Ratings) as LNG vessels continue to sail for India from Ras Laffan Gas Terminal (Ras-Gas). Thus, India Ratings does not factor in any immediate volume or price impact on the end-user industries viz. fertiliser, power, refinery and city gas distribution.

Moreover, in case LNG supplies from Qatar are affected, there is ample liquidity in the spot LNG markets globally and hence volumes disruption, if any, will be for a limited period. However, the diplomatic stand-off in India Ratings’s opinion highlights geopolitical concentration of India’s energy imports. Read more

Credits:www.bloombergquint.com

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