Petroleum Minister, Murli Deora, who is on a three-day maiden visit to the Gulf region, met the Qatar's Deputy Prime Minister and Energy and Industry Minister, Abdullah bin Hamad al Attiyah, and sought an additional 5 million tones of liquefied natural gas from Qatar to meet LNG shortage. The minister has also suggested setting up of a gas-fired fertilizer plant in the Gulf nation to meet its urea requirements, media reported.
The minister added that Attiyah has promised to look into the matter.
Presently, India buys 5 million tons a year of LNG from RasGas of Qatar under a 25-year contract. The ex-ship price of $2.53 million British thermal unit (mmBtu) is considered a steal in current times of LNG prices breaching $20 per mmBtu.
Earlier, Qatar rescued India by supplying 1.5 million tons of more LNG on a short-term contract basis to re-commence the beleaguered Dabhol power plant in Maharashtra, when other nations sought review of gas price due to increase in prices of crude oil.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.