“Qatar’s RasGas tweak­ing of pric­ing for­mula will be pos­i­tive for GAIL”

Power Watch India - - DESPATCHES FINANCE -

Ja­panese fi­nan­cial firm No­mura be­lieves that Qatar’s RasGas ‘in­prin­ci­pal’ ap­proval for post­pone­ment of ‘take-or-pay’ charges and the tweak­ing of pric­ing for­mula will be pos­i­tive for GAIL, Petronet LNG and gas users. RasGas has agreed ‘in-prin­ci­ple’ to post­pone col­lect­ing ‘take-or-pay’ charges on its long-term LNG agree­ment with Petronet LNG. Petronet LNG faces the po­ten­tial penalty as it is in a con­tract with RasGas where the pric­ing for­mula is such that it pays the high­est price of LNG in the world.

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