The President and CEO of Qatar Petroleum, Saad Sherida Al-Kaabi, has concluded a working visit to New Delhi, India. During the visit Al-Kaabi held talks with India’s Minister of Petroleum, Dharmendra Pradhan, and discussed ways in which the two nations could bolster energy relations, particularly in the LNG sector.
Al-Kaabi, and the accompanying delegation from Qatar Petroleum and Qatargas, held similar talks with senior leaderships of Indian Oil, GAIL, Petronet, and Reliance Industries.
Commenting on the visit, Al-Kaabi said: “Qatar appreciates and values its long term and mutually beneficial relationship with India, and reiterates its commitment to effectively contribute to satisfying India’s growing energy demand, including the reliable delivery of LNG and other hydrocarbons. I would like to thank the Indian government and all the executives and energy leaders we have met for their hospitality and constructive discussions. We look forward to more cooperation between our companies.”
Qatar Petroleum sees India as a promising strategic partner; the South Asian country represents one of Qatar’s largest markets, with over 10 million tpy delivered in recent years. Qatargas supplies multiple customers in India and is the single largest LNG supplier to the country.
In 1999, RasGas (now Qatargas) and Petronet LNG Ltd signed a long-tern SPA for 7.5 million tpy of LNG. This was followed in December 2015 with a new Sales and Purchase Agreement for the supply of an additional one million tpy, raising the total annual long-term commitment between the two companies to 8.5 million tpy.
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