Ryuzaki
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India has re-negotiated favourably its LNG agreement with Qatar to bring down the cost of importing natural gas to less than $5 per unit from $12.
This was effected by an agreement signed here between state-run joint venture Petronet LNGBSE 1.87 % and Ras Gas of Qatar in late-December last year, Petroleum Minister Dharmendra Pradhan told the Lok Sabha in a written reply.
"Earlier, the prices during 2015 were in excess of $12 per mBtu (million British thermal unit). The current price applicable under the contract works out to less than $5 per mBtu based on prevailing crude prices," he said.
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
This was effected by an agreement signed here between state-run joint venture Petronet LNGBSE 1.87 % and Ras Gas of Qatar in late-December last year, Petroleum Minister Dharmendra Pradhan told the Lok Sabha in a written reply.
"Earlier, the prices during 2015 were in excess of $12 per mBtu (million British thermal unit). The current price applicable under the contract works out to less than $5 per mBtu based on prevailing crude prices," he said.
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
