Qatar deepens India energy ties with long-term LNG pact

Qatar strikes 17-yr LNG supply deal: Qatari state-owned energy company QatarEnergy has inked a 17-year sales and purchase agreement with Gujarat State Petroleum Corporation (GSPC) to supply up to 1 mn tonnes per annum of LNG to India starting 2026, Qatar News Agency reports. The deal is valued at roughly INR 617 bn (USD 7.37 bn) at current LNG prices. QatarEnergy will transport and deliver the cargo directly to Indian terminals before GSPC takes ownership.

Deepening energy ties: The agreement builds on a 2019 contract between the two sides. QatarEnergy said the agreement supports India’s energy security goals and cleaner energy transition while reinforcing bilateral cooperation.

India’s trade with Qatar stood at USD 14.15 bn in FY 2024, with energy goods dominating — LNG (worth USD 6.39 bn), liquefied petroleum gas (USD 1.67 bn), liquefied propane (USD 1.54 bn) and crude oil (USD 1.06 bn), The Economic Times reports.

Meanwhile…: QatarEnergy and Indian state-owned Petronet LNG signed a 20-year contract last year for the supply of 7.5 mn tonnes of LNG per annum, worth an estimated USD 78 bn. Similarly, Gas Authority of India Limited concluded a five-year agreement with QatarEnergy Trading for 12 LNG cargoes a year starting from April 2025, The Economic Times reported.