QatarEnergy to supply 7.5MTPA of LNG to India in landmark 20-year agreement

In a landmark agreement set to bolster the energy partnership between Qatar and India, QatarEnergy announced its entry into a 20-year LNG Sale and Purchase Agreement (SPA) with Petronet LNG Limited, committing to supply 7.5 million tons per annum (MTPA) of liquefied natural gas (LNG) to the Republic of India. This significant transaction underscores the growing strategic energy relations between the two nations, with the deal value and its implications for the global LNG market standing at the forefront of the announcement.

Under the SPA, QatarEnergy will begin delivering the contracted LNG volumes to Indian terminals starting May 2028, utilizing its expansive LNG fleet for ex-ship deliveries. This agreement not only marks a pivotal moment in Qatar-India energy relations but also aligns with India’s vision to diversify its energy mix, emphasizing the role of natural gas as a cleaner energy source.

The agreement’s signing was celebrated in Goa, India, with notable attendees including Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy, and Hardeep Singh Puri, India’s Minister of Petroleum & Natural Gas, and Housing & Urban Affairs. The ceremony also saw the participation of leading figures from India’s energy sector, highlighting the deal’s wide-ranging impact on the industry.

This SPA is a testament to the enduring energy partnership between Qatar and India, building on a history of LNG trade that began with Petronet’s first agreement with Qatar in 1999. His Excellency Mr. Saad Sherida Al-Kaabi highlighted the deal as a “key milestone” in the bilateral relationship, emphasizing its role in supporting India’s energy strategy.