The inauguration of India Energy Week in February
Petronet LNG says price key despite Qatar ties
Huge QatarEnergy deal lays down marker in India’s gas shift, but CEO stresses price still biggest driver as Petronet LNG looks at further buying opportunities
Akshay Kumar Singh, CEO of India’s Petronet LNG, gave a clear insight into his company’s gas importing strategy at India Energy Week (IEW) in February: “Wherever we get the better deal, we can go,” he told Petroleum Economist. Petronet signed a deal at IEW with QatarEnergy to supply 7.5mt/yr on a delivered ex-ship basis from 2028 to 2048 amid a strong message that gas will play a huge role in both India’s energy security strategy and its energy transition plans. The SPA extension between QatarEnergy and Petronet covers a total of 150mt over 20 years, making it the largest such deal ever signed. It will help India meet its target of increasing the share of gas in its energy mix to 15% by 2030
Also in this section
11 April 2025
The Gulf state’s offer to supply electricity-starved Syria is an opportunity to support a key ally, but Doha’s ambitions to build broader pipeline networks to Turkey and Europe face challenges
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
10 April 2025
Technology, policy and narrative are the three biggest factors that could change the course of our 2050 outlook
10 April 2025
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
