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  • QatarEnergy, Petronet sign 20-year agreement to supply 7.5 MTPA of LNG to India
    édité le 06/02/2024 - Plus de news de "QatarEnergy" - Voir la fiche entreprise de "QatarEnergy"

QatarEnergy, Petronet sign 20-year agreement to supply 7.5 MTPA of LNG to India
QatarEnergy announced that it 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 to the Republic of India.

Pursuant 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 signing of the SPA was celebrated during a special ceremony held in Goa, India under the patronage of His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and His Excellency Hardeep Singh Puri, the Minister of Petroleum & Natural Gas, and Housing & Urban Affairs in the Republic of India. In attendance were Mr. Pankaj Jain, Secretary, Ministry of Petroleum & Natural Gas and Chairman of Petronet LNG, Mr. Sandeep Kumar Gupta, the Chairman and Managing Director of GAIL (India) Limited, Mr. Shrikant Madhav Vaidya, the Chairman of Indian Oil Corporation, and Mr. Krishnakumar Gopalan, the Chairman and Managing Director of Bharat Petroleum Corporation Limited.

To mark this important achievement, a document commemorating the occasion was signed by Mr. Akshay Kumar Singh, the Managing Director & CEO of Petronet LNG Limited and Mr. Abdulla Ahmad Al-Hussaini, QatarEnergy’s Executive Vice President for Marketing.

In remarks welcoming the successful conclusion of this important SPA, His Excellency Mr. Saad Sherida Al-Kaabi said: “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.”

His Excellency Minister Al-Kaabi added: “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.”

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.

About QatarEnergy

As a fully integrated energy corporation, QatarEnergy covers the full spectrum of the oil and gas value chain – from exploration to production, from processing and refining to sales and delivery.
As stewards of Qatar's natural resources and the world's largest provider of LNG, our strength rests in our ready access to Qatar's unique reserves to provide energy that fuels social and economic prosperity.

About Petronet

Petronet LNG Limited is a Joint Venture Company with equity participation from four Oil & Gas Maharatna Public Sector undertakings i.e., GAIL, ONGC, IOCL and BPCL each holding equity of 12.50%, and together totalling to 50%. PLL was incorporated on 2nd April 1998 under the Companies Act, 1956.

The Company had set up Country’s first LNG Receiving and Regasification Terminal and started its operations in year 2004, with an initial nameplate capacity of 5 MMTPA at Dahej, Gujarat. Since then, the capacity of the Dahej terminal has been expanded in phases (10 MMTPA in year 2009, 15 MMTPA in 2016 and 17.5 MMTPA in 2019).

To cater the gas requirement of the Southern India, Petronet LNG Limited commissioned its second LNG receiving, storage and regasification terminal in Kochi in year 2013 with nameplate capacity of 5 MMTPA.

Infrastructure-wise, PLL has 47% share of the country’s existing LNG Regas Capacity and handles around 75% of Country’s LNG imports. PLL’s operations accounts for around 33% of total Natural gas supplies in the Country.

In line with Government of India’s vision, PLL is undertaking a brownfield expansion of regas capacity of Dahej LNG Terminal from 17.5 MMTPA to 22.5 MMTPA. PLL is constructing two additional LNG Storage Tanks at its Dahej LNG Terminal which will be commissioned shortly. PLL is in the process of constructing 3rd Jetty at Dahej which will have a unique feature of handling ethane and propane besides LNG. Further, PLL is also undertaking the activities for setting up an FSRU based LNG terminal with an initial capacity of 4 MMTPA, with a future provision of converting it to land based terminal of 5 MMTPA capacity on the East Coast of India at Gopalpur, Odisha.

Petronet is also setting up Petrochemicals project of 750 KTPA of PDH & 500 KTPA of PP plant including propane and ethane handling facility at Dahej, Gujarat.

Origine : Communiqué QatarEnergy

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