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India will continue its 8.5 million mt year LNG import deal with Qatar without any change in contract clauses. oil ministry officials said Thursday.
`There is no proposal to sign any fresh import contract with Qatar.` said one official. Qatar is India`s largest source of natural gas.
Designated importer state-owned Petronet LNG signed a long-term deal with Qatar`s RasGas in 1999 for 7.5 million mt year of LNG on an FOB basis.
In 2015. it struck a deal with RasGas to import an additional 1 million mt year for a 12-year period from January 1. 2016.
India in recent years has wanted Qatar to explore the option of investing in India`s downstream power sector. and in particular in a stranded gas-based power project.
Petronet runs LNG receiving and regasification terminals at Dahej in Gujarat and Kochi in Kerala. and is building a third in Andhra Pradesh.
It posted a 12% year-on-year jump in regasification volumes to 192 trillion Btu for the April-June quarter at its flagship terminal at Dahej. the highest on record for the terminal. company officials said. The 10 million mt year Dahej terminal operated at 97% of capacity in the quarter.
The Kochi Terminal also processed its highest ever volume of LNG over April-June. at 8 trillion Btu.
