India likely to extend LNG import deal with Qatar for 20 years at lower rates

India is expected to ink a multibillion-dollar agreement on Tuesday to continue importing 7.5 million tonnes of LNG annually from Qatar, for a further 20 years beyond 2028, at less than today’s costs. Petronet LNG ltd will sign the deal to extend import contract with Qatar Energy on sidelines of India Energy Week in Goa.
The price will be “significantly” less than it is now, according to sources.