India's Petronet explores buying LNG under 10-year contract - Reuters

India's Petronet explores buying LNG under 10-year contract - Reuters:

India’s Petronet LNG, the country’s largest importer of liquefied natural gas (LNG), is looking to buy the super-chilled fuel through a long term contract starting from 2024, according to a document reviewed by Reuters.

It has issued a Request for Information (RFI) indicating an interest to buy about 1 million tonnes per annum (mtpa) of LNG for 10 years starting from 2024, with the possibility to extend, according to the Feb. 19 document.

A request for information is a common practice to ask for written information about the capabilities of various LNG sellers to help them make more informed buying decisions.

Petronet’s Director of Finance Vinod Kumar Mishra declined to comment on the RFI.