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Energy

A confident India is driving a hard bargain with Qatar post its Opec exit

India has recently asked Qatar, the largest gas exporter in the world, to come to the negotiation table and demanded to reduce prices under the existing long-term supply contracts to make LNG more affordable to consumers.
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30 Jan 2020 4 Mins Read 0 comment
(From left) Dharmendra Pradhan, minister of petroleum and natural gas, India; and Saad Sherida al-Kaabi, minister of energy, Qatar Getty Images
(From left) Dharmendra Pradhan, minister of petroleum and natural gas, India; and Saad Sherida al-Kaabi, minister of energy, Qatar
India’s ability to drive a hard bargain with regions that dominate the oil and gas universe has put the spotlight on its growing confidence in energy security. The country has recently asked Qatar – the world’s largest gas exporter — to come to the negotiation table and demanded to reduce prices under the existing long-term supply contracts of natural gas.
a capacity of 27,000MW growing by 2020, the gas requirement will be around 117MMSCMD. As India has set a goal to achieve 15% share of natural gas in the energy mix by 2025, the sourcing of it will become a critical issue. The key is how best the country can optimise its portfolio. ( Graphics by Mohammad Arshad)
India’s ability to drive a hard bargain with regions that dominate the oil and gas universe has put the spotlight on its growing confidence in energy security. The country has recently asked Qatar – the world’s largest gas exporter — to come to the negotiation table and demanded to reduce prices under the existing long-term supply contracts of natural gas. a capacity of 27,000MW growing by 2020, the gas requirement will be around 117MMSCMD. As India has set a goal to achieve 15% share of natural gas in the energy mix by 2025, the sourcing of it will become a critical issue. The key is how best the country can optimise its portfolio. ( Graphics by Mohammad Arshad)

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