Petronet Nears 10 Year Deal

Petronet Close to Long-Term Deal Around Spot Prices (Reuters)
Earlier this year, Petronet invited bids to buy 1 mtpa of LNG for 10 years with pricing linked to Henry Hub natural gas futures and Dutch TTF gas futures and shipped on a delivered ex-ship basis. CEO Prabhat Singh said on Tues. (June 30) that Petronet has received 13 offers and would soon finalize the deal, but did not give a specific time… Singh also said Petronet was in talks with Qatargas to renegotiate gas pricing under its long-term deals as spot prices have declined. Link to Content (not much more)

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