Home / News / India News / Article /
India set to sign USD 78 billion deal with Qatar extending LNG imports
Updated On: 06 February, 2024 01:45 PM IST | Betul (Goa) | mid-day online correspondent
India is likely to sign a monumental deal worth USD 78 billion to extend its liquefied natural gas (LNG) imports from Qatar for another 20 years until 2048, according to sources familiar with the matter
Listen to this article :
India likely to extend LNG import deal with Qatar
India is likely to sign a monumental deal worth USD 78 billion to extend its liquefied natural gas (LNG) imports from Qatar for another 20 years until 2048, according to sources familiar with the matter.
Petronet LNG Ltd, India`s largest LNG importer, is expected to finalize an agreement with QatarEnergy to extend a 2004 deal, which involves the purchase of 7.5 million tonnes of gas annually. This gas is utilized for various purposes such as electricity generation, fertilizer production, and conversion to compressed natural gas (CNG). The signing of this deal is anticipated to take place on the sidelines of the India Energy Week (IEW) being held in Betul, Goa, newswire PTI reported.
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT