India needs to re-examine long-term gas pricing with Qatar: Pradhan
India imports 8.5 million tonnes of liquefied natural gas (LNG) annually under a long-term supply deal with Qatar.
![Oil Minister Dharmendra Pradhan. Oil Minister Dharmendra Pradhan.](https://s3.ap-southeast-1.amazonaws.com/images.deccanchronicle.com/dc-Cover-jq18nnjr3mvlfgoaq045d5dk91-20180401175719.Medi.jpeg)
Oil Minister Dharmendra Pradhan.
Mumbai: India’s Oil Minister Dharmendra Pradhan said on Monday the country needs to look into the pricing mechanism of existing long term gas supply contracts with Qatar.
He was speaking to a gathering of oil company officials in New Delhi.
India imports 8.5 million tonnes of liquefied natural gas (LNG) annually under a long-term supply deal with Qatar.
Spot prices, or current market prices, of LNG have dropped to multi-year lows in January, highlighting the loss being borne by LNG importing countries tied in long term contracts with suppliers.
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