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Petronet LNG contract to be reviewed

Petronet LNG contract to be reviewed

Petronet LNG, India´s leading gas importer, is in discussions with Qatar´s RasGas to tweak a decade-old liquefied natural gas (LNG) procurement deal. The Indian firm has been forced to cut down gas volumes from Qatar after the price of fuel bought through this long-term contract has become almost double the spot prices.

Petronet LNG has a contract to buy 7.5 million tonnes of LNG from Rasgas every year.

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