Qatar has agreed to lower the price of gas it sells to India on a long-term contract by about USD 6 billion to reflect the slump in global energy rates and also waived the Rs 12,000-crore penalty for 'short-lifting' in 2015.
BGR Energy Systems shares closed 3.96 per cent up at Rs 115.40 after the company informed BSE that it has bagged new orders worth Rs 300 crore in the electricals sub-stations segment following its recent focus on power genera
In a significant development, Qatar has agreed to waive USD 1 billion penalty on India for breaking a long-term LNG contract, and has also consented to change the pricing formula to reflect the slump in global energy rates.
According to Petrowatch, RasGas ready to modify SPA with Petronet. RasGas Company Limited is a liquefied natural gas producing company in Qatar. It is the second-biggest LNG producer in Qatar after Qatargas.