QATAR TO AGAIN SIGN A LONG-TERM LNG DEAL WITH CHINA
News: As per media sources, At the end of last year, QatarEnergy signed the longest-term contract in the history of the LNG industry to supply liquefied natural gas to Sinopec (4 MMT) for 27 years. Now QatarEnergy and China National Petroleum Corporation (CNPC) are set to sign this week another 27-year deal. QatarEnergy is also close to finalizing long-term LNG supply agreements with the UK, France, and Italy.
Views: Indian players such as Gail, Petronet have been aggressively looking to sign LTM deals with Qatar, however, the contracts have been priced at a steep slope to Brent crude oil prices and hence, negotiations have yet not fructified. Indian gas infra story (LNG terminals, pipelines etc) require LTM deals to lower volatility based on spot cargoes.
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