India's biggest gas importer Petronet LNG will buy liquefied natural gas (LNG) from Qatar's Rasgas at almost half the original price, in a renegotiated deal that will save it about $605 million a year.
The deal marks Prime
Qatar Gas Transport Company (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 13 per cent drop in fourth-quarter net profit on Tuesday.
The company made a fourth-quarter profit of 176.5 million
Qatargas wants to double its long-term liquefied natural gas (LNG) supplies to Asia from 11 million tonnes currently to more than 20 million tonnes, a company official said.
"Over the long term, we should be able to double the size of our
Qatargas has resumed production at all five of its liquefied natural gas (LNG) trains, a company official said on Monday, knocking prices lower on the London market.
'We have all five trains running,' the official told Reuters.
Qatar's train 5 gas unit is due to start producing in the coming weeks, chief executive of Qatar Gas Faisal Al-Suwaidi said on Monday.
"We have finished commissioning on train 5, for a start up in the next two to three weeks," he told repo
Qatargas' new Ras Laffan refinery is now in the commissioning phase and is due to start operations this year, chief executive Faisal Al-Suwaidi said at a gas conference in Abu Dhabi on Monday.
In March, the company said it would would