The Qatari state-owned company QatarEnergy has signed a 20-year sale and purchase agreement (SPA) with the Indian group Petronet LNG for the supply of 7.5 Mt/year of LNG to India. The contracted LNG volumes from Qatar will be delivered by ship to terminals across India starting in May 2028.
Petronet first entered into an agreement for LNG supply from Qatar in 1999 for the delivery of 7.5 Mt/year. In 2015, this deal was followed by another agreement for the supply of an additional 1 Mt/year, raising the total annual long-term volumes contracted between the two sides to 8.5 Mt/year.
Since November 2022, QatarEnergy has signed a series of long-term LNG supply agreements, including two 15-year contracts to supply Bangladesh between 2026 and 2041 (with Petrobangla for 1.8 Mt/year of LNG and with Excelerate Energy for 1 Mt/year of LNG), three 27-year agreements with Chinese companies (with CNPC and Sinopec for 4 Mt/year each and with Sinopec for 3 Mt/year), three 27-year contracts with European companies TotalEnergies (for 3.5 Mt/year), Shell (3.5 Mt/year) and Eni (1.5 Mt/year), and a 2 Mt/year contract with ConocoPhillips to supply Germany.