Petronet LNG: The government in New Delhi said last week it was "deeply shocked" by a decision by a Qatar court to impose the death penalty on eight Indians arrested in the country last year, on charges that have not been made public.
India s Petronet LNG NS> hopes to extend its long-term gas import deal with Qatar at lower prices than those offered by the world s top liquefied natural gas (LNG) exporter in recent deals with China and Bangladesh.
Indications are that the deals have been done at a slope of 12-13 per cent to Brent, said A. K. Singh, Petronet s chief executive. LNG contract prices are typically expressed as a slope, or percentage, of Brent prices.
“The company has booked income towards "use or pay charges" of Rs 848.92 crores and Rs 415.91 crores in the financial year 2022-23 (for calendar year 2022) and financial year 2021-22 (for calendar year 2021) respectively on account of lower capacity utilization by its customers. The balance confirmation/ payment against the same is yet to be received,” the auditors flagged in the earnings statement.