- Reuters•5 months ago
Global producers of liquefied natural gas (LNG) are facing a choice they probably didn't anticipate or want, but their response will likely shape the future of their industry. There appear to be increasing moves by major buyers, particularly in Asia, to end long-term, oil-linked price contracts that also feature restrictive destination clauses. What buyers in countries like Japan, India and China have realised is that global oil companies have bet heavily on LNG and have built new plants in excess of even the most optimistic forecasts of likely demand for the next few years.
- Reuters•last year
India's biggest gas importer Petronet LNG will buy liquefied natural gas (LNG) from Qatar's Rasgas at almost half the original price, in a renegotiated deal that will save it about $605 million a year. The deal marks Prime Minister Narendra Modi's biggest diplomatic win in the energy sector since coming to power last year.
- Reuters•last year
Global oversupply and sliding prices are pushing big natural gas buyers of LNG from India to China to look at reworking long-term agreements in what was for long a producer-controlled market. Banking on a tide of new liquefied natural gas (LNG) supply from the United States, Australia and Russia hitting markets through 2021, importers are seizing the chance to wring concessions from existing producers wary of losing market share. Top exporter Qatar, traditionally averse to granting concessions, rolled over in a major contract dispute with India's Petronet last month is likely to trigger a sweep of reviews, as buyers rush to exploit the precedent, say industry sources.
PETRONET.NS : Summary for PETRONET LNG INR10 - Yahoo Finance
Petronet LNG Limited (PETRONET.NS)
NSE - NSE Delayed Price. Currency in INR
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|Day's Range||361.35 - 373.50|
|52 Week Range||229.75 - 410.90|
|PE Ratio (TTM)||29.33|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|