South Asian Gas Market: It’s Time to Mount an Offensive
... in the region. Until recently, the regional gas market was considered to be fairly stable and predictable; in some segments, such as LNG supplies to India, the marketplace was effectively monopolized by Qatar. Qatar RIAC and Gateway House Report “Russia – India Energy Cooperation: Trade, Joint Projects, and New Areas” Qatar is the unconditional leader in gas supplies to South Asia. In 2004, it concluded an extremely lucrative contract to supply liquefied gas to India until 2029. The true value of this agreement to Qatar became apparent after the sharp drop in global oil prices. India became trapped in ...