India to buy more LNG from Qatar

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Lijmiliya, one of the world’s largest Q-Max LNG carriers, is used to ship LNG produced by Qatar Liquefied Gas Company Limited, known as Qatargas 2. Photo - QatarGas.com

India says it would like to increase its import of liquefied natural gas (LNG) from Qatar, Qatar’s English language daily reported on Tuesday.

Speaking in Doha Monday, India’s minister for commerce, industry and textiles, said New Delhi wants to purchase 15m tonnes of LNG annually from the Gulf state.

“Qatar is an important source of energy for India,” Anand Sharma told Gulf Times.

“The supply of another 3m tonnes per year is under negotiation. We have projected India’s willingness to buy up to 15m tonnes of LNG annually from Qatar.”

He also expressed hopes of entering into joint ventures with Qatar in oil and gas exploration as Indian companies now had the technology and capacity to work on massive infrastructure projects worldwide.

India and Qatar almost doubled their bilateral trade to $12bn in 2011, most of which involved LNG imports.

Indian exports to Qatar have also almost reached $1bn.

Qatar and India recently signed a multi-billion agreement to enhance co-operation in oil and gas production during Sheikh Hamad bin Khalifa Al Thani’s official visit to India.

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