Qatar gas price ✂halved❗

  |   India News

Qatar has almost halved✂ its gas price it sells to 🇮🇳 under a 25-year contract 📜and waived a payment liability of ₹12,000 cr due to 🇮🇳's refusal to import the committed number of shipments in 2015 under the 'take-or-pay' clause – a big boost for the Modi✌ govt. A new pricing formula would see gas price lowered to 💲6-7 per unit from the initial 💲12-13. The consensus needed to be changed so that both parties could benefit after the fall📉 in the global energy market. Linked to Brent crude’s European🌐 benchmark, the new formula would entail a saving of ₹4,700 cr💰 annually for the fertiliser💩 industry alone, the biggest consumer of liquid gas.

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