ID :
40529
Wed, 01/14/2009 - 10:55
Auther :
Shortlink :
http://m.oananews.org//node/40529
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Qatar to step up LNG supplies to India
New Delhi, Jan 13 (PTI) Qatar, the world's largest liquefied natural gas exporter, Tuesday said it will sell additional LNG cargoes to India this fiscal to ease fuel deficit faced by power and fertilizer units in the country.
"We will sell more extra (LNG) cargoes this year," Qatari
Oil Minister Abdullah bin Hamad al-Attiyah said on his arrival
here to attend the Petrotech 2009 conference.
RasGas of Qatar currently sells 5 million tons a year of
LNG to Petronet LNG under a 25-year contract. An additional
2.5 million tons would be supplied under the same contract
from fourth quarter of 2009.
Qatar, which last year came to the rescue of beleaguered
Dabhol power plant by agreeing to supply just over 1.25
million tons, is likely to supply six cargoes this year
beginning February. "India is our single largest customer.
Last year we had sold extra cargoes (beyond the long-term
contract) and this year we will attempt to send more," he
said.
Petronet needs 24 cargoes in 2009 to meet the fuel needs
of 2,150 MW Dabhol power plant in Maharashtra and Pragati
Power Plant in Delhi.
Prime Minister Manmohan Singh during his maiden visit to
Qatar in November last year had pitched for importing 2.5
million tons a year of additional LNG on long term basis to
meet the growing energy needs.
Qatar, which has the world's third largest reserves of
gas, in first five years to December 2008 sold LNG to Petronet
at USD 2.53 per million British thermal unit. From January,
this price has been revised to USD 3.12 per mmBtu, but it is
still one-third of the current spot LNG price.
The joint venture of Shell and Total of France this month
imported a spot LNG cargo from Australia at USD 9.06 per
mmBtu. Petronet is seeking more LNG from Qatar to meet the
fuel needs of Dabhol and subsequently for Pragati Power Plant.
Dabhol alone would need 24 cargoes in the full calendar
year, six of which have already been committed by Qatar.
Pragati Power, which is to begin operation by the
year end, would need similar volumes.
Petronet LNG Ltd, a joint venture of Indian Oil, GAIL
India, Bharat Petroleum and Oil and Natural Gas Corp, last
week completed doubling of its Dahej LNG import terminal
capacity to 10 million tons. PTI ANZ
SAK
NNNN
"We will sell more extra (LNG) cargoes this year," Qatari
Oil Minister Abdullah bin Hamad al-Attiyah said on his arrival
here to attend the Petrotech 2009 conference.
RasGas of Qatar currently sells 5 million tons a year of
LNG to Petronet LNG under a 25-year contract. An additional
2.5 million tons would be supplied under the same contract
from fourth quarter of 2009.
Qatar, which last year came to the rescue of beleaguered
Dabhol power plant by agreeing to supply just over 1.25
million tons, is likely to supply six cargoes this year
beginning February. "India is our single largest customer.
Last year we had sold extra cargoes (beyond the long-term
contract) and this year we will attempt to send more," he
said.
Petronet needs 24 cargoes in 2009 to meet the fuel needs
of 2,150 MW Dabhol power plant in Maharashtra and Pragati
Power Plant in Delhi.
Prime Minister Manmohan Singh during his maiden visit to
Qatar in November last year had pitched for importing 2.5
million tons a year of additional LNG on long term basis to
meet the growing energy needs.
Qatar, which has the world's third largest reserves of
gas, in first five years to December 2008 sold LNG to Petronet
at USD 2.53 per million British thermal unit. From January,
this price has been revised to USD 3.12 per mmBtu, but it is
still one-third of the current spot LNG price.
The joint venture of Shell and Total of France this month
imported a spot LNG cargo from Australia at USD 9.06 per
mmBtu. Petronet is seeking more LNG from Qatar to meet the
fuel needs of Dabhol and subsequently for Pragati Power Plant.
Dabhol alone would need 24 cargoes in the full calendar
year, six of which have already been committed by Qatar.
Pragati Power, which is to begin operation by the
year end, would need similar volumes.
Petronet LNG Ltd, a joint venture of Indian Oil, GAIL
India, Bharat Petroleum and Oil and Natural Gas Corp, last
week completed doubling of its Dahej LNG import terminal
capacity to 10 million tons. PTI ANZ
SAK
NNNN
