India relies heavily on Qatar for 7.5 million metric tons of fuel annually under a supply pact recently extended through 2048. However, regional conflict has prompted QatarEnergy to declare force majeure on shipments through December after attacks on Ras Laffan and a blockade in the Strait of Hormuz. In response, Indian buyers are tapping alternative producers in Australia, Oman, and Africa, while Petronet has suspended time charter agreements for three of its LNG tankers.
Key points
Bilateral negotiations aim to integrate American-sourced volumes into India's long-term Q…: Bilateral negotiations aim to integrate American-sourced volumes into India's long-term Qatari supply agreements starting in 2028.
Recent QatarEnergy purchase deals with Cheniere Energy and Woodside provide the flexibili…: Recent QatarEnergy purchase deals with Cheniere Energy and Woodside provide the flexibility needed to fulfill contracts from US locations.
Indian importers are aggressively pursuing alternative supply lines from Nigeria, Oman, A…: Indian importers are aggressively pursuing alternative supply lines from Nigeria, Oman, Angola, and Australia to mitigate regional geopolitical instability.
Sources checked by our analysis pipeline: 1
India's top gas importer Petronet LNG Ltd is in talks with Qatar to source some LNG from the US under its long-term contract from 2028, Petronet's group general manager Vivek Mittal said during an analyst call.
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Qatar, India's largest LNG supplier, currently has a contract to supply Petronet with 7.5 million metric tons of the fuel annually. The deal, which expires in April 2028, has been renewed for another 20 years until 2048, and Qatar would supply cargoes on a delivered basis.
"Definitely we have had some discussion with Qatar to diversify supply under the renewed contract, which will start in 2028," Mittal said, in response to a question on whether India is seeking US LNG under the long-term deal with Qatar.
Qatar is willing to consider the Indian company's request and could offer "certain portion of volume from other sources which they have tied up," Mittal said.
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