Page 5 - Qatar

Gail's 12 LNG cargoes per year deal with Qatar Energy starts next month

State gas utility GAIL (India) Ltd will start receiving LNG under a five-year 12 cargoes per year deal from Qatar Energy Trading from next month as it augments sourcing to meet rising demand of the world's fastest growing economy. "Purchases under the deal will start from April," GAIL chairman and managing director Sandeep Kumar Gupta said. GAIL had in December last year awarded a liquefied natural gas (LNG) purchase tender for procuring 12 cargoes per year starting in April 2025 for a tenure of five years to Qatar Energy Trading. Besides the Qatar Energy deal, GAIL has in recent months signed long-term LNG procurement deals with suppliers. It has inked a long-term deal with commodity trader Vitol Asia for around 1 million tonne a year for a period of about 10 years, commencing 2026. Under this deal, Vitol will deliver LNG from its global LNG portfolio to GAIL in India on a pan-India basis. GAIL has also signed a long-term deal to purchase around 0.5 million tonne a year of LNG fro

L&T's biggest ever: Bags contract worth over $4 bn from QatarEnergy

The scope of work includes the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes

Europe should replace Russian LNG with Qatari supply, IEA director

The global LNG market is expected to remain tight until 2027, when a wave of new projects in Qatar, the US and elsewhere will bring fresh supply online

India-Qatar potential FTA must be approached with caution, says GTRI

India should tread cautiously on a potential free trade agreement (FTA) with Qatar, particularly in the petrochemical sector as both countries are strong in this segment, economic think tank GTRI said on Wednesday. The Global Trade Research Initiative (GTRI) added that India should ensure that tariff concessions on petrochemicals and energy-related imports do not undermine domestic industries. According to a joint statement issued after the meeting of Prime Minister Narendra Modi and Amir of Qatar Sheikh Tamim bin Hamad Al-Thani, the two sides agreed to explore the possibility of entering into a bilateral comprehensive economic partnership agreement (CEPA) with an aim to double bilateral trade to USD 28 billion by 2030. Normally in a CEPA, a kind of free trade agreement (FTA), two trading partners either eliminate or significantly reduce customs duties on the maximum number of goods (90-95 per cent) traded between them. Besides, they ease norms to promote trade in services and boost

India, Qatar upgrade ties, aim to double bilateral trade to $28 bn in 5 yrs

Bilateral talks held by Prime Minister Narendra Modi with Al-Thani on Tuesday focused on trade, investment, and energy, the Ministry of External Affairs (MEA) said

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India, Qatar aim to double bilateral trade to $28 billion in five years

The announcement came after talks between Indian Prime Minister Narendra Modi and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani, who is on a two-day visit to New Delhi

PM Modi, Amir of Qatar decide to elevate ties to 'strategic partnership'

Prime Minister Narendra Modi Tuesday held wide-ranging talks with Amir of Qatar Sheikh Tamim Bin Hamad Al-Thani as the two leaders decided to elevate India-Qatar relations to a "strategic partnership" with focus on trade, investments, technology, energy and people-to-people ties, further cementing the "deep and traditional relationship" between the two countries. They also exchanged views on "regional and global issues" of mutual interest, the Ministry of External Affairs said. The Amir of Qatar's two-day visit comes at the invitation of Modi. This is his second state visit to India. He earlier visited India in March 2015. His visit will provide "further momentum to our growing multifaceted partnership", the MEA had said ahead of the visit that began on Monday. Earlier in the day, the Amir of Qatar was accorded a ceremonial guard of honour at the Rashtrapati Bhavan as President Droupadi Murmu welcomed the visiting leader. Modi was also present on the occasion. Later, Modi and the

India, Qatar exchange agreement on establishment of strategic partnership

India and Qatar on Tuesday exchanged an agreement on establishment of strategic partnership between the two countries. The documents were exchanged in the presence of Prime Minister Narendra Modi and Amir of Qatar Sheikh Tamim Bin Hamad Al-Thani here. The Amir of Qatar arrived here on Monday evening on a two-day state visit. The MEA earlier said his visit will provide "further momentum to our growing multifaceted partnership". Prime Minister Modi and the Amir of Qatar also held talks at the Hyderabad House covering a range of bilateral issues. Prime Minister and Minister of Foreign Affairs of Qatar, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani and External Affairs Minister S Jaishankar exchanged the agreement. A revised agreement for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income, between India and Qatar, was also exchanged, it was announced during the ceremony held at the Hyderabad House. Prime Minister of Qatar and Finance

Qatar ready to fast-track investment promotion, protection deal with India

Qatar on Tuesday said it is ready to take steps to speed up the negotiations for a new bilateral investment promotion and protection agreement with India. Qatar's Commerce and Industry Minister Sheikh Faisal bin Thani bin Faisal Al Thani said India has become its third largest trading partner. He added that businesses in both countries need to push the boundaries for further strengthening investment and industrial collaboration. "We have modernised our investment ecosystem...we invite Indian investors and entrepreneurs to explore the true potential of Qatar's economy...We are ready to take steps to fast track negotiations for a new bilateral investment promotion and protection agreement," Faisal Al Thani said at CII's India-Qatar Business Forum meet. Qatar's ministry is here with a business delegation. They are accompanying Amir of Qatar Sheikh Tamim Bin Hamad Al-Thani, who arrived here yesterday on a two-day visit. India received USD 1.5 billion of foreign direct investments from

'Will deepen our close bonds': Jaishankar after meeting Amir of Qatar

External Affairs Minister S Jaishankar called on Amir of Qatar Sheikh Tamim Bin Hamad Al-Thani, hours after his arrival in Delhi, and said he is confident that the visiting leader's talks with Prime Minister Narendra Modi on Tuesday will "deepen our close bonds of friendship". Extending a rare gesture of hospitality, Modi went to the airport to receive the Amir of Qatar, who arrived in Delhi on Monday evening. Later in the evening, Jaishankar called on the Amir of Qatar, who is on a two-day state visit to India. "Honoured to call on H H @TamimBinHamad, Amir of Qatar on his arrival in New Delhi for a State Visit. Value his guidance on advancing our cooperation in many domains. Confident that his talks with PM @narendramodi tomorrow will deepen our close bonds of friendship," Jaishankar said in a post on X. The Union minister also shared some photographs of his meeting with the Amir of Qatar on the microblogging platform. The Amir of Qatar will call on President Droupadi Murmu and h

India, Oman looking at finalising comprehensive trade, investment deal soon

India and Oman are looking at sealing a broad trade and investment pact this year that will cut tariffs on each other's goods and boost the overall trade basket in line with renewed vigour in the relations, especially in the economic sphere. The negotiations for a comprehensive economic partnership agreement (CEPA) gained new momentum after Oman's Sultan Haitham bin Tarik travelled to India over a year back. Omani Commerce Minister Qais bin Mohammad Al-Yousef told PTI that Muscat is hopeful of concluding the ambitious trade pact with India this year, which is expected to significantly expand the two-way trade and investment ties between the two countries. There has been a major upswing in economic ties between the two countries in the last few years with India emerging as one of the top trading partners of Oman. India was the fourth largest market for Oman's crude oil exports for the year 2023 after South Korea. India was also the third largest market for Oman's non-oil exports in

EAM Jaishankar meets Qatari PM Al Thani, reviews bilateral cooperation

External Affairs Minister S Jaishankar Wednesday met with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani and held a productive review of bilateral cooperation and also discussed recent regional and global developments. It was this year's first diplomatic engagement of Jaishankar, who arrived here on December 30 on a three-day visit. "Delighted to meet PM and FM @MBA_AlThani_ in Doha today. My first diplomatic engagement in 2025. A productive review of our bilateral cooperation. Also a wide-ranging discussion on recent regional and global developments," Jaishankar said in a post on X. His visit will enable both sides to review various aspects of bilateral relations, including political, trade, investment, energy, security, cultural and people-to-people, as well as the regional and international issues of mutual interest, the Ministry of External Affairs said in a press release earlier.

EAM Jaishankar to pay 3-day visit to Qatar to review overall bilateral ties

The visit also aims to review various aspects of bilateral relations between India and Qatar with discussion on key areas

Qatar to stop EU gas sales if fined under due diligence law: Report

Qatar's revenues in 2023 were 188.5 billion Qatari riyals ($51.64 bln), and 5 per cent of this is $2.5 bn

EAM Jaishankar concludes four day official tour to Qatar, Bahrain

Jaishankar started his tour by visiting Qatar on December 6, where he took part in the 22nd edition of Doha Forum

Britain and Qatar to sign MoU boosting fintech and green finance ties

The memorandum is being signed during a two-day state visit to Britain by Qatar's emir, Sheikh Tamim bin Hamad Al Thani, who is expected to meet Prime Minister Keir Starmer later on Wednesday

Qatar to invest $1.3 bn in climate tech in Britain, Rolls-Royce to benefit

The announcement was made during a two-day state visit to Britain by Qatar's emir, Sheikh Tamim bin Hamad Al Thani

UK regulator fines Barclays $51 mn after it drops Qatar dealings appeal

The interests of the bank, its shareholders and other stakeholders were best served by the withdrawal, Barclays said, adding that there was no material financial impact from the fine

Qatar suspends mediation efforts on Gaza, Hamas office may have to leave

Qatar has suspended its key mediation efforts between Hamas and Israel, it said Saturday, after growing frustration with the lack of progress on a cease-fire deal for Gaza. It wasn't immediately clear whether the remaining Hamas leadership hosted by Qatar must leave, or where it would go. Hamas has good relations with Iran and Turkiye, and some of its leaders are now in Lebanon. However, Qatar is highly likely to return to mediation efforts if both sides show serious political willingness to reach a deal, according to an official with Egypt, the other key mediator. Qatar told Israel and Hamas it can't continue to mediate as long as there is a refusal to negotiate a deal in good faith and "as a consequence, the Hamas political office no longer serves its purpose in Qatar, a diplomatic source briefed on the matter said. Qatar told Hamas it will have to leave if it isn't ready to engage in serious negotiations, the source said. In Washington, a US official said the Biden administratio