Qatar and India discussed the impact of the regional war on global energy markets, reaffirming supply stability and strengthening bilateral cooperation.
Qatar’s Minister of State for Energy Affairs, Saad Al-Kaabi, and India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, held discussions in Doha on Friday over the impact of the current conflict in the region on the global energy industry.
During the meeting, Al-Kaabi, who is also QatarEnergy’s CEO and president, reaffirmed Qatar’s commitment to remain a reliable energy supplier, according to a press release by the Qatari state-owned energy company.
Al-Kaabi said he looked forward to strengthening energy relations with India, with both ministers also welcoming the ceasefire between the United States and Iran.
“Both Ministers also welcomed the two-week ceasefire agreed on April 8 and stressed the importance of an early end to disruption in global energy supplies and restoration of normalcy,” QatarEnergy said.
“In this context, they emphasised the need for unimpeded freedom of navigation and the global flow of commerce to maintain global supply chains,” it added.
India’s minister separately conveyed a message of solidarity on behalf of Indian Prime Minister Narendra Modi to Qatar’s Amir Sheikh Tamim bin Hamad Al Thani as well as Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al Thani.
The meeting came following the announcement of a two-week ceasefire in the U.S.-Israel war on Iran, brokered by Pakistan on 8 April.
The war impacted energy industries globally since it broke out on 28 February, particularly with the closure of the Strait of Hormuz and attacks on energy facilities, including those in Qatar.
QatarEnergy ceased the production of liquefied natural gas (LNG) following Iran’s attack on its Ras Laffan Industrial City on 2 March. On 4 March, QatarEnergy declared force majeure to its affected buyers.
Qatar is India’s single largest supplier of LNG and liquefied petroleum gas (LPG). India relies on Qatar for 45 percent of its LNG and 20 percent of its LPG supplies, according to Bloomberg.
Last year, QatarEnergy signed a 17-year sales and purchase agreement (SPA) with Gujarat State Petroleum Corporation (GSPC) for the supply of up to 1 million tonnes per annum (MTPA) of LNG to India.
The deal was built on the first long-term LNG supply agreement signed between the two entities in 2019.
Meanwhile, in 2024, QatarEnergy entered into a 20-year SPA with India’s Petronet LNG Limited for the supply of 7.5 MTPA of LNG.
Petronet had first entered into an agreement for the supply of LNG from Qatar in 1999 for the delivery of 7.5 MTPA.
This was followed by another agreement in 2015 for the supply of an additional 1 MTPA of LNG, raising the total annual long-term volumes contracted between the two sides to 8.5 MTPA.
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