India to start supplying gas for Sri Lankan power plants in 2025
Sri Lanka has been looking to source LNG to run its gas-based power plants along with other industries
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Sri Lanka has been looking to source LNG to run its gas-based power plants along with other industries
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.