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🔆Natural gas ties between India and Qatar

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🔆Natural gas ties between India and Qatar

The death sentence given to eight former personnel of the Indian Navy by a court in Qatar presents the biggest challenge yet to India’s historically friendly ties with Doha.
This situation is particularly concerning due to the pivotal role of liquefied natural gas (LNG) in the trade partnership between the two nations.
LNG constitutes nearly half of India’s total imports (in terms of value) from Qatar, amplifying the complexity of the challenge at hand.

India’s import dependency in natural gas is around 50%, and given the government’s concerted push to increase natural gas consumption, imports are only likely to rise in the coming years.
Government-owned Petronet LNG, India’s largest LNG importer, has a long-term contract with Qatar for the import of 8.5 million tonnes per annum (mtpa) of LNG.
In addition, Qatari gas has a sizable share in India’s LNG purchases from the spot market.

#gs3 #energy #economy

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