DOHA: QatarEnergy announced that it has entered into a 20-year LNG Sale and Purchase Agreement (SPA) with Petronet LNG Limited to supply 7.5 million tonnes per annum (MTPA) of LNG destined for 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 signing of the SPA was celebrated during a special ceremony held in Goa, India under the patronage of Minister of State for Energy Affairs, President and CEO of QatarEnergy HE Eng Saad bin Sherida Al Kaabi and Minister of Petroleum & Natural Gas, Minister of Housing & Urban Affairs in the Republic of India Hardeep Singh Puri.
A document commemorating the occasion was signed by QatarEnergy's Executive Vice President for Marketing Abdulla Al Hussaini and Managing Director & CEO of Petronet LNG Limited Akshay Kumar Singh.
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."
"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," he added.
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.
