Qatar has expanded its LNG supply to India through a 20Y contract extension with Petronet LNG Ltd., now covering 7.5 mln tons annually until 2048, including shipping costs. This deal supports India’s goal to increase natural gas’s share in its energy mix to 15% by 2030, from about 6.7% at the end of 2023, aiming to reduce dependency on coal and oil. Indian firms seek long-term agreements to secure stable, affordable rates compared to the unpredictable spot market.