QatarEnergy, Petronet sign 20-year LNG Sale & Purchase Agreement

By Arya M Nair, Official Reporter
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QatarEnergy_Petronet LNG supply deal
Rep.Image | Courtesy: QatarEnergy

QatarEnergy has entered into a 20-year LNG Sale and Purchase Agreement (SPA) with Petronet LNG Limited for the supply of 7.5 million tons per annum (MTPA) of LNG destined for the Republic of India.

Under the terms of the SPA, the contracted LNG volumes from Qatar will be delivered ex-ship to terminals across India onboard QatarEnergy’s vast LNG fleet starting May 2028.
The SPA was signed under the patronage of HE Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and HE Hardeep Singh Puri, the Minister of Petroleum & Natural Gas, and Housing & Urban Affairs in the Republic of India.

Saad Sherida Al-Kaabi_QatarEnergy_Petronet LNG partnership
Saad Sherida Al-Kaabi
President & CEO – QatarEnergy

“This agreement is another key milestone in the long-standing energy partnership between Qatar and India and comes on the heels of the 20th anniversary of the first LNG shipment to India. We believe that this new agreement, with our valued customers Petronet LNG and its esteemed shareholder companies, will further strengthen the relationship with India and support its vision to increase the contribution of natural gas in its energy mix.”

In attendance were Pankaj Jain, Secretary, Ministry of Petroleum & Natural Gas and Chairman of Petronet LNG, Sandeep Kumar Gupta, the Chairman and Managing Director of GAIL (India) Limited, Shrikant Madhav Vaidya, the Chairman of Indian Oil Corporation, and Krishnakumar Gopalan, the Chairman and Managing Director of Bharat Petroleum Corporation Limited.

Abdulla Ahmad Al-Hussaini, Executive Vice President for Marketing at QatarEnergy, and Akshay Kumar Singh, Managing Director & CEO of Petronet LNG Limited, signed a commemorative document to acknowledge this significant milestone.

Petronet first entered into an agreement for the supply of LNG from Qatar in 1999 for the delivery of 7.5 MTPA. It was followed in 2015 by another agreement for the supply of an additional 1 MTPA of LNG, raising the total annual long-term volumes contracted between the two sides to 8.5 MTPA.

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