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Oil diplomacy gets Qatar LNG

Murli Deora’s oil diplomacy efforts during a breakfast meeting with the visiting oil minister of Qatar on Wednesday helped in securing additional gas supplies for India.

business Updated: Jan 14, 2009 21:22 IST
Anupama Airy

Murli Deora’s oil diplomacy efforts during a breakfast meeting with the visiting oil minister of Qatar on Wednesday helped in securing additional gas supplies for India.

Qatar, which is the world’s largest exporter of gas, has assured New Delhi of selling 18 additional cargoes of liquefied natural gas (LNG). This is over and above the six LNG cargoes already committed by Qatar. Each LNG cargo has around 75 to 80 million standard cubic metres of gas.

“I simply could not say no to him,” said Abdullah bin Hamad al-Attiyah, the oil minister of Qatar.

Qatar, which during a recent visit of Prime Minister Manmohan Singh assured of investing $5 billion in India's infrastructure projects, was also offered a 10 per cent stake in Petronet LNG Ltd by Deora.

Qatar is also looking at the state-owned power company NTPC’s offer of a 40 per cent stake in its 2,000 mega watt gas-based power project at Kayamkulam in Kerala.

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