QATAR ENERGY
Jaishankar meets Qatar's PM, discusses Gaza, investments
In Doha, I engaged in discussions covering various aspects, including the Gaza situation, Qatar's mediation role, and the Indian diaspora. We focused on the partnership between India and Qatar, energy agreements, and potential infrastructure investments. Additionally, the visits of Prime Minister Narendra Modi and the significance of the UAE were highlighted.
EAM Jaishankar meets Qatar's PM; reviews bilateral relationship
The visit focused on reviewing bilateral relations, including various aspects like political, trade, investment, energy, security, and cultural ties, reflecting the historic and friendly relations between India and Qatar as highlighted by the Ministry of External Affairs.
Haldia Petrochemicals Limited announces 10-year naphtha supply agreement with QatarEnergy
Haldia Petrochemicals Limited (HPL) has secured a long-term naphtha supply agreement with QatarEnergy. QatarEnergy. The agreement was signed through its subsidiary. The deal will provide up to 2 million tons of naphtha to HPL over the next decade starting from Q2 2024. The deal reflects a commitment to India's economic growth, with both parties emphasizing the strong relationship between Qatar and India. This significant agreement strengthens the partnership between HPL and QatarEnergy.
Traders are bracing for a record-smashing summer that will shake up commodities
Prices for some of the world’s most vital commodities — natural gas, power and staple crops like wheat and soy — are climbing.
Billionaire Gautam Adani’s green targets questioned in Snowcap analysis
The company “can meet just 50% of its 50GW target funding requirement by 2030 without raising equity, despite claiming this target is ‘fully funded’,” Snowcap said.
Oil prices rise on moderate US inflation data, strong demand
U.S. consumer prices rose less than expected in April in a boost to financial market expectations for a September rate cut by the Federal Reserve, which could temper dollar strength and make oil more affordable for holders of other currencies.
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AGEL is India's first and fastest renewable energy player to achieve 10.9 gigawatts operating capacity, says Executive Director Sagar Adani
AGEL, India's top renewable energy player, hit 10.9 gigawatts. Q4 FY 2023-24 results shared with future strategies. Khabra project targets 30 gigawatts by 2029. Strong revenue, EBITDA growth, reduced debt. Emphasis on investors, ESG focus.
Value of LIC's investment in Adani stocks jumps 59% to Rs 61,210 crore in FY24
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
We see $50-60 billion opportunities in Middle East over next three years: Subramanian Sarma, L&T
Subramanian Sarma of L&T discusses the Middle East's vital role in energy, power transmission, solar parks, and infrastructure projects. With a strong presence and positive outlook, L&T anticipates growth opportunities in the region over the next few years.
Qatar to build new LNG project
Amid increasing demand and a halt on growth projects in the US, Qatar intends to enhance its exports of liquefied natural gas. The nation, a major competitor to the US and Australia in LNG shipping, aims to construct a new project capable of producing 16 million tons annually by the end of this decade. This initiative will elevate Qatar's annual production capacity to 142 million tons by 2030, as announced by the country's Energy Minister, Saad Al-Kaabi, on Sunday.
PM Modi thanks Amir of Qatar for Navy veterans release, invites him to India
Prime Minister Narendra Modi thanked the Amir of Qatar, Tamim bin Hamad Al Thani, for supporting the release of Indian navy veterans arrested in Doha in an alleged espionage case. He also extended an invitation to pay an official visit to India. The visit focused on bilateral cooperation, energy partnership, regional security, cultural affinity, and people-to-people ties.
Stepping up to the West Asia plate
The headline focus of PM's visit to the UAE and Qatar this week has been a temple in Abu Dhabi and release of eight retired naval officers in Doha who had been earlier sentenced to death reportedly for espionage. Both ostensibly important, reflecting India's growing self-confidence and clout, Narendra Modi's visit has, however, been most significant from a strategic perspective.
PM Modi holds talks with Qatari Emir; conveys thanks for release of 8 jailed Indians
The Reserve Bank of India has urged global cooperation and coordination to tackle the global economy's challenges. Governor Shaktikanta Das emphasized the need for greater resolve and coordination to make significant progress. He stressed the importance of considering comparative advantage and resource endowments in cooperation, particularly in areas of common interest and urgent needs like climate change.
PM Modi receives ceremonial welcome in Doha, holds bilateral with Amir of Qatar
Prime Minister Narendra Modi received a ceremonial welcome and held a bilateral meeting with the Amir of Qatar, Sheikh Tamim bin Hamad Al Thani. The meeting discussed India-Qatar friendship and was attended by S Jaishankar, Ajit Doval, Sheikh Mohammed bin Abdulrahman Al Thani, and Randir Jaiswal.
India has skin in the game in West Asia conflict. It needs to tough-talk with Iran and Israel
West Asia conflict: India has a role to play here. It's time New Delhi steps out of its comfort zone. There is work to do to bring these divergent powers on the same page. Prolonging the Gaza war is not just a humanitarian crisis but also a security nightmare.
Bharat Mart: All you need to know about India’s big Middle Eastern trade push
Prime Minister Narendra Modi, during his visit to the UAE, is expected to inaugurate Bharat Mart, a warehousing facility aimed at boosting Indian trade abroad. Similar to China's Dragon Mart, Bharat Mart will showcase Indian exports in a one-stop facility, reducing shipping time and costs. This move aligns with the deepening economic ties between India and the UAE, fostering comprehensive partnerships and facilitating trade expansion to multiple regions
PM Modi to meet UAE president in Abu Dhabi; to discuss Comprehensive Strategic Partnership
Prime Minister Narendra Modi is set for an official visit to the United Arab Emirates (UAE) from February 13 to 14, followed by Qatar from February 14 to 15. This marks his seventh UAE visit since 2014, reflecting the strong India-UAE friendship. During the visit, PM Modi will engage in discussions with UAE President Sheikh Mohamed bin Zayed Al Nahyan to strengthen bilateral ties. He'll also inaugurate the first Hindu temple in Abu Dhabi and address the Indian community in Abu Dhabi's 'Ahlan Modi' event.
One year later, Gautam Adani’s fortune hits $100 billion again
Goldman Sachs and Morgan Stanley endorsed India as the prime investment destination for the next decade, contributing to the surge of wealth in the nation. Adani's empire spans diverse sectors, including coal, ports, airports, data centers, media, and green energy.
India for predictable trajectory to cleaner fuel for orderly energy transition
The recent reforms in the sector, including diversification of sources of imports and changes in gas pricing mechanism, ensured that prices of petrol and diesel in India declined while the global prices were shooting up, he said.
Petronet extends Qatar LNG purchase contract for another 20 years
The supplies under the new contract will start from 2028 when the current 25-year LNG purchase contract expires. Supply will be delivered to Indian ports under the new agreement while it is purchased on a free-on-board basis under the current contract, Petronet said.
India saves $6 bn on Qatar LNG deal renewal; signs $78 billion pact for 20 years
The two sides were engaged in intense negotiations over the last few months. There were heightened tensions when a Qatar court sentenced eight former Indian Navy officials to death in October for allegedly spying for Israel. At December-end, their sentence was reduced.
Qatar pauses Red Sea tankers after Western strikes on Houthis
QatarEnergy, a major LNG exporter, has suspended sending tankers through the Red Sea due to attacks on ships by the Houthis, who are targeting the crucial trade route in solidarity with Palestinians. The attacks have disrupted global commerce and concerned major Western powers.
Explainer: How could Red Sea attacks affect oil and gas shipping?
QatarEnergy, the second-largest exporter of liquefied natural gas (LNG), has halted sending tankers via the Red Sea due to attacks by Yemen's Iran-backed Houthi group. Several tankers carrying Qatari LNG were held up over the weekend following air and sea strikes on Houthi targets by U.S. and British forces.
QatarEnergy pauses LNG shipments through Red Sea, seeking security advice
At least four tankers used to carry Qatari LNG were held up over the weekend after U.S. and British forces carried out air and sea strikes on Yemen in response to Houthi attacks on ships in the Red Sea, part of a route that accounts for about 15% of the world's shipping traffic.
Petronet to sign deal to extend Qatar LNG imports beyond 2028
India's Petronet LNG is expected to sign a deal to extend its long-term liquefied natural gas imports from Qatar beyond 2028. The deal, which includes a 7.5-million metric ton per year deal with Qatar and a 1 million tpy deal with Indian Oil Corp, Bharat Petroleum Corp, and GAIL (India) Ltd, is expected to be signed by the end of 2023.
Qatar signs 27-year gas deal with Britain's Shell
Qatar has reached an agreement with Shell to supply natural gas for 27 years. Since Russia's invasion of Ukraine, European countries have been searching for alternative sources of natural gas. Under the deal, Qatar will supply 3.5 million tonnes of gas annually. Deliveries of liquefied natural gas (LNG) to Rotterdam are expected to begin in 2026. This deal is the same length as the agreement with TotalEnergies for a 27-year supply of natural gas. Qatar is set to increase its LNG output by 60% by 2027.
QatarEnergy, TotalEnergies sign 27-year LNG supply agreement
Qatar has secured its largest and longest European gas supply deal, providing France with up to 3.5 million metric tons of LNG per year for 27 years. The supply agreements were signed between affiliates of QatarEnergy and TotalEnergies, and deliveries are expected to start in 2026. Asia has been ahead of Europe in securing supply agreements from Qatar's expansion plan, but the French agreements demonstrate Qatar's commitment to the European market.
LNG prices to soften by end of decade: TotalEnergies CEO
Global LNG prices surged to a record in the wake of Russia's invasion of Ukraine last year, as Europe sought to replace Russian pipeline gas supplies. "It is better for everyone to have more supply in the market to stabilise the price than having a tense market like today. Probably by the end of the decade we will see a softening of (LNG) prices," Pouyanne said.
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