QatarEnergy has signed a long-term agreement with India’s Gujarat State Petroleum Corporation (GSPC) to supply up to one million tons of liquefied natural gas (LNG) annually for 17 years, further deepening energy ties between the two nations.
Under the Sales and Purchase Agreement (SPA), the LNG will be delivered ex-ship to receiving terminals across India beginning in 2026, the Qatari state-owned energy company announced. The deal underscores Qatar’s role as one of the world’s leading LNG suppliers and India’s growing reliance on imported gas to meet its rising energy demand.
Commenting on the agreement, Qatar’s Minister of State for Energy Affairs and QatarEnergy President and CEO, Saad Sherida Al-Kaabi, said the deal reinforces the “long-standing and valued partnership” between the two companies. “We are delighted to extend our valued partnership with GSPC through this long-term SPA, which highlights our continued commitment to supporting India’s growing energy needs,” he said.
Al-Kaabi added that the agreement reflects both countries’ shared goal of promoting cleaner and more sustainable energy sources. “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,” he said. “QatarEnergy remains committed to delivering safe and reliable LNG supplies to support India in its endeavors.”
The latest deal builds upon a previous long-term LNG supply agreement between QatarEnergy and GSPC signed in 2019. Industry analysts say the new agreement signals India’s continued confidence in Qatar as a reliable energy partner and highlights its strategic effort to secure long-term LNG supplies amid fluctuating global gas markets.
India is among the fastest-growing LNG importers in the world, with natural gas playing an increasingly important role in its push to diversify energy sources and reduce dependence on coal. The South Asian nation aims to raise the share of natural gas in its energy mix from around 6% today to 15% by 2030.
For Qatar, the deal with GSPC strengthens its position as a key energy supplier to Asian markets. It also aligns with the Gulf state’s broader expansion strategy, which includes increasing LNG production capacity from 77 million tons per year to 142 million tons by 2030 under its North Field expansion project.
QatarEnergy said the new SPA underscores its “ongoing dedication to strengthening global partnerships, promoting cleaner energy solutions, and supporting the economic development goals of key markets worldwide.”
