India seeks additional LNG from Qatar

India is seeking 10 million tonnes of additional LNG supply from Qatar in return for a stake in Petronet LNG Ltd.

India on Thursday sought 10 million tonnes of additional LNG supply from Qatar and offered a stake in Petronet LNG Ltd in return.

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Currently, India has a contract to buy 7.5 million tonnes of LNG per annum, which it wants to raise to 17.5 million tonnes, officials said after Qatar Finance Minister called on Petroleum Minister Murli Deora here.

Officials said Qatar investment agency is evaluating picking up the 100 million dollar FCCB of Petronet LNG Ltd that would give the Qatari company between 7.5 to 12.5 per cent stake.

Petronet and the Qatari company would also make a bid for Dabhol power projects' hived off LNG terminal, the official said.