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India asks Qatar to invest in power plants as condition for LNG deals

Reuters  |  NEW DELHI 

By Neha DasguptaNEW DELHI (Reuters) - India on Tuesday said it would sign future long-term liquefied natural gas (LNG) purchase deals with Qatar if only Doha agrees to acquire stakes in the South Asian nation's power plants, oil minister Dharmendra Pradhan said.India is the latest major LNG buyer to seek concessions from Qatar, the world's biggest LNG exporter, in order to re-sign long-term supply contracts. Amid a global glut of LNG and a slump in prices, other buyers have sought more flexible contracts, including clauses that would allow them to resell gas they do not consume. "Yesterday, ...

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First Published: Tue, June 20 2017. 13:50 IST
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