India: Oil Ministry Orders Probe into Petronet-RasGas LNG Deal

India: Oil Ministry Orders Probe into Petronet-RasGas LNG Deal

India’s Oil Ministry has ordered a probe into changes made in a LNG contract between Petronet LNG and RasGas of Qatar.

The country’s Oil Minister S Jaipal Reddy asked Oil Secretary G C Chaturvedi to probe allegations that Petronet LNG quietly switched to buying lean gas, which can only be used as fuel, instead of rich gas that can also produce petrochemicals and LPG, The Economic Times reported.

In July 1999, RasGas signed a SPA with Petronet LNG  to supply 5 million tonnes per annum (Mtpa) to India’s first operational LNG terminal at Dahej in Gujarat.

In August 2006 RasGas and Petronet amended the existing SPA to implement the sale of 2.5 Mtpa, completing a 7.5 Mtpa sales agreement over 25 years.

LNG World News Staff, February 20, 2012; Image: Petronet LNG



Share this article

Follow LNG World News


<< Oct 2015 >>
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

LNG Pricing, Trading & Risk Management: 2-Day Training Program

This popular 2-day course provides the practical knowledge and skills…

read more >

KIOGE 2015 Exhibition and Conference

KIOGE brings together thousands of scientists; technologists; and managers of all the sectors of oil, oil refining, petrochemical, and gas industries and the transportation of oil and oil products.

read more >

Equatorial Guinea Oil & Gas Conference & Exhibition

Fully endorsed by the Equatorial Guinea’s Ministry of Mines, Industry & Energy, this timely conference will showcase to both local and international key decision makers…

read more >

Gulf of Guinea Oil & Gas Conference & Exhibition 2015

Gulf of Guinea Oil & Gas Conference (GOG) is now established as the most senior forum to focus on West Africa’s thriving hydrocarbon sector…

read more >