LNG

QatarEnergy has signed an agreement for the supply of 7.5 million tonnes per annum of LNG to Petronet of India on a delivered ex-ship (DES) basis for a period of 20 years.

Petronet LNG, the state-backed owner of the largest Indian import terminal at Dahej in the West Coast state of Gujarat and a smaller facility at Kochi in the southwest state of Kerala and with plans for a third terminal, reported record quarterly earnings before tax while revenues plunged from a year ago as prices fell.