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India, Qatar likely to sign pact for LNG supply

NEW DELHI: With Rasgas of Qatar emerging one of the biggest Liquefied Natural Gas (LNG) suppliers to India, both countries are poised to expand the relationship further.

India will seek to further cement an agreement for enhanced supply of LNG to cater to its expanding needs and new upcoming LNG terminals. Petroleum and Natural Gas Minister Murli Deora, before leaving for a two-day visit to Qatar, said he was visiting Doha at the invitation of the Deputy Prime Minister, Abdullah Bin Hamad Al-Attiyah, who is also the Energy Minister, to firm up future supply agreements in the gas sector.

Mr. Deora said that Petronet India had signed a 25-year agreement with Rasgas for the supply of 7.5 million tonnes (mt) of LNG annually. The first shipment of 5 mt had reached the country in 2004 and the second portion of 2.5 mt would be made available to India by 2009.

Petronet India Ltd. had recently firmed up another agreement with Rasgas for the supply of 1.25 mt of LNG that would be provided by September 2008.

Mr. Deora said this 1.25 mt would be meant for the Ratnagiri Gas and Power Project Limited in Maharashtra.

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