Petronet LNG and GDF SUEZ conclude a 0.6 million tons of LNG contract

11.11.2011

GDF SUEZ and Petronet LNG Limited have just signed an agreement extending along 2012 under which GDF SUEZ will sell Petronet about 0.6 million tons of liquefied natural gas (LNG). The cargoes will be from sources within GDF SUEZ’s LNG portfolio and will be delivered to Petronet’s Dahej LNG terminal in India.

Dr. A. K. Balyan, Managing Director of Petronet LNG Limited said, “Signing of this short term deal with GDF SUEZ would help in minimizing the gas shortage the country is facing due to lower domestic gas production.”

Jean-Marie Dauger, Executive Vice-President of GDF SUEZ in charge of the Global Gas & LNG business line said, “We are very pleased to extend our close co‐operation with Petronet through this agreement. GDF SUEZ considers Asia and especially India as a core development region for its LNG business, with strong growth prospects and new supply potential.”

Petronet is the largest importer of LNG in India. It owns and operates the main Indian LNG terminal in Dahej (Gujarat) currently operating above its name plate capacity.