Indian Importers Inch Forward with LNG Regas Terminals

20 Feb 2016: New Petronet Contract Terms with Qatar, Terminal Projects Could Boost Demand The agreement in principle by Petronet with Qatar’s Rasgas to the Indian state-owned importer’s long-term contract could boost LNG demand. Under the agreement, the state-owned operator of the Dahej and Kochi terminals would lift another 1 MMt/y, increasing contract volume to 8.5 MMt/y beginning in 2016. Under the revised contract, Rasgas would effectively remove the price caps and floors, and the new pricing formula would include a constant of less than $1/MMBtu. Petronet’s earlier contract had no constant and set the price at a 12.67% slope to JCC. The pricing slope remains unchanged under the new terms. Please fill out form below to view article.