India seeks better LNG prices from Qatar
India The move marks the exercising of India’s right under a 25-year long-term contract with Qatar to defer the purchase of up to 30 percent of annual supplies until a later date. The delayed cargoes amount to around 1.25 million tonnes of LNG, or about 17 percent of the 7.5 million tonnes India buys every year from RasGas.
Petronet, the Indian state entity that imports LNG, says it cannot sell gas to consumers at the current rates. The fertilisers and power sectors, for example, are turning to cheaper alternatives such as fuel oil and naphtha.
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