India's Petronet expects to receive its full Qatari gas supply after the crisis ends.

By Nidhi Verma

NEW DELHI, May 4 (Reuters) - Petronet, India's largest gas importer, expects to receive its full contracted volume of liquefied natural gas from Qatar once the geopolitical situation in the Middle East stabilizes, Chief Executive A.K. Singh said on Monday.

Qatar, the largest supplier of liquefied natural gas to India, has a contract to supply 7.5 million tons per year of liquefied natural gas to Petronet, which is equivalent to between nine and 10 shipments per month.

But supplies were halted in March following the closure of the Strait of Hormuz, while Iran bombed two of Qatar's 14 liquefied natural gas production lines, prompting it to declare force majeure on some long-term gas supply contracts.

Qatar says the reforms will halt production of 12.8 million tons per year of liquefied natural gas for a period of three to five years.

Singh said that Petronet had not been receiving shipments from the two production lines that were damaged by the attacks.

Singh added at a press conference, "We hope and expect that our supplies will not be cut off," but noted that Qatar had notified the company of a force majeure situation regarding May shipments.


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