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Under the SPA, the contracted LNG volumes will be delivered ex-ship to terminals in India, starting in 2026, according to a statement by QatarEnergy.
QatarEnergy did not reveal from where the LNG supplies would be sourced.
The SPA between QatarEnergy and GSPC builds on their first long-term LNG supply agreement signed in 2019.
“This collaboration not only reinforces the enduring ties between our two companies but also contributes to India’s vision of enhancing its energy security and transitioning towards a cleaner energy mix,” Qatar’s energy minister and chief executive of QatarEnergy, Saad Sherida Al-Kaabi, said.
In Gujarat, GSPC, along with its other group companies, supplies one-third of the natural gas demand in the Indian state, catering to 2.3 million households and 20,000 industrial and commercial clients, and operates over 800 CNG stations.
GSPC LNG operates the 5 mtpa Mundra LNG import terminal in Gujarat.
On the other hand, QatarEnergy is working on the giant North Field LNG expansion program, which includes the North Field South and North Field West projects.
Together, these will raise Qatar’s LNG production capacity in Ras Laffan from the current 77 mtpa to 142 mtpa in 2030.
The first two projects include six mega trains, each with a production capacity of 8 mtpa of LNG.
Four of these are part of the North Field East expansion project, and two are part of the North Field South expansion project.
In February 2024, QatarEnergy also announced the North Field West project, which will add 16 mtpa of LNG to the overall expansion of the North Field.
