Media & Events
Shardul Amarchand Mangaldas advises on the LNG Sale and Purchase Agreement between Petronet LNG Limited and QatarEnergy
February 8, 2024
Shardul Amarchand Mangaldas advised Petronet LNG Limited, along with the other Indian Parties on the 20-year LNG Sale and Purchase Agreement executed between Petronet LNG Limited and QatarEnergy for purchase of around 7.5 MTPA of LNG annually. The deal is valued at approximately USD 78 Billion at present prices and was closed on 6 February 2024. The LNG is expected to be onsold to Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and GAIL India Limited.
This is one of the largest transactions in the natural gas space in India and would account for more than 35% of India’s present LNG imports.
SAM & Co team was led by V.R. Neelakantan, Partner; Prashant Sirohi, Partner; Varnika Mohan, Principal Associate; and Tinnish Sharma, Senior Associate.
