QatarEnergy has signed a 20-year sales and purchase agreement with India’s Petronet LNG to supply 7.5 million tonnes per annum (mtpa) of liquefied natural gas.
Starting from May 2028, contracted volumes of the fuel from Qatar will be delivered directly to terminals across India by QatarEnergy's LNG fleet, the state-run energy company said in a statement on Wednesday.
“This agreement is another key milestone in the long-standing energy partnership between Qatar and India,” said Saad Al Kaabi, president and chief executive of QatarEnergy.
The new agreement will “further strengthen the relationship with India and support its vision to increase the contribution of natural gas in its energy mix”, Mr Al Kaabi said.
Petronet first entered into an agreement for the supply of LNG from Qatar in 1999 for the delivery of 7.5 mtpa. It was followed in 2015 by another agreement for the supply of an additional 1 mtpa of LNG, raising the total annual long-term volumes contracted to 8.5 mtpa.
Petronet LNG is a joint venture with equity from four Indian state-owned energy companies.
Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL), and Bharat Petroleum Corporation (BPCL), each hold a 12.5 per cent stake in the company.
The volumes under the new LNG agreement will be off-taken by GAIL, IOCL, and BPCL primarily from Petronet LNG’s Dahej terminal in the western Indian state of Gujarat, BPCL said in a separate statement on Wednesday.
The existing long-term agreement between Petronet LNG and QatarEnergy accounts for about 35 per cent of India’s LNG imports, BPCL said.
India, Asia's third-largest economy, aims to increase the share of natural gas in the country's total energy mix to 15 per cent by 2030, from about 6 per cent currently.
Last month, Adnoc Gas signed a 10-year agreement to supply 500,000 mtpa of LNG to GAIL.
India currently relies heavily on coal to generate electricity.
The country added an annual average of five gigawatts of coal-based electricity generation capacity from 2017 to 2022.
“India holds significant potential to regional gas demand growth, but gas demand growth will remain constrained by the lack of adequate supplies,” BMI said in a research note.
The country is expected to contribute about 20 per cent of Asia’s additional natural gas consumption between 2023 and 2033, the research firm said, adding that demand would be supported by power and industrial sectors.
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
The Two Popes
Director: Fernando Meirelles
Stars: Anthony Hopkins, Jonathan Pryce
Four out of five stars
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
The biog
Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha
Favourite book: One Hundred Years of Solitude
Holiday destination: Sri Lanka
First car: VW Golf
Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters
Driverless cars or drones: Driverless Cars
European arms
Known EU weapons transfers to Ukraine since the war began: Germany 1,000 anti-tank weapons and 500 Stinger surface-to-air missiles. Luxembourg 100 NLAW anti-tank weapons, jeeps and 15 military tents as well as air transport capacity. Belgium 2,000 machine guns, 3,800 tons of fuel. Netherlands 200 Stinger missiles. Poland 100 mortars, 8 drones, Javelin anti-tank weapons, Grot assault rifles, munitions. Slovakia 12,000 pieces of artillery ammunition, 10 million litres of fuel, 2.4 million litres of aviation fuel and 2 Bozena de-mining systems. Estonia Javelin anti-tank weapons. Latvia Stinger surface to air missiles. Czech Republic machine guns, assault rifles, other light weapons and ammunition worth $8.57 million.
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
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