India will import the gas from Qatar at an aggregate fixed annual price of $ 800 million until December 2008, which, according to analysts, is at least 25 per cent cheaper than the existing LNG prices in Asia.
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Historic LNG Shipment
After years of preparation, resource-rich Qatar is set to deliver its first...
After years of preparation, resource-rich Qatar is set to deliver its first shipment of LNG to India.
The LNG container Disha is expected to arrive in India in three days. Under the contract involving Qatar's RasGas and India's Petronet LNG Limited (PLL), the Dahej terminal will annually receive five million tonnes of gas for 25 years.
India will import the gas from Qatar at an aggregate fixed annual price of $ 800 million until December 2008, which, according to analysts, is at least 25 per cent cheaper than the existing LNG prices in Asia.
India has a growing demand for natural gas, which has risen from only 0.6 trillion cubic feet (Tcf) a year in 1995, to nearly 0.8 Tcf in 2000. It is projected to touch 1.2 Tcf in 2005 and 1.6 Tcf in 2010.
India will import the gas from Qatar at an aggregate fixed annual price of $ 800 million until December 2008, which, according to analysts, is at least 25 per cent cheaper than the existing LNG prices in Asia.
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