Question
Which of the following statement/statements is/are
INCORRECT regarding the India-Qatar LNG deal renewal? 1. India signed a USD 78 billion deal to extend LNG imports from Qatar by another 20 years till 2048. 2. Petronet LNG Ltd, India's biggest liquefied natural gas (LNG) importer, signed the pact with QatarEnergy for 10 million tonnes of gas annually. 3. The renewal is at a significantly higher price than the current deal, impacting India's energy costs.Solution
• India signed a USD 78 billion deal to extend LNG imports from Qatar by another 20 years till 2048 at rates lower than current prices. • Petronet LNG Ltd, India's biggest liquefied natural gas (LNG) importer, has signed a pact with QatarEnergy to extend the deal to buy 7.5 million tonne a year of gas for producing electricity, making fertilizers and converting it into CNG. • The renewal is at a "significantly" lower price than the current deal. At current prices, India will save about USD 0.8 per million British thermal unit at the renewed terms. This translates into savings of USD 6 billion over the contract period. • The first 25-year deal is to expire in 2028 and has now been extended for 20 additional years. • The second deal for 1 MTPA entered into in 2015, will be negotiated separately, sources said. • India, the world's third biggest energy consumer, sees natural gas as a transition fuel for migrating to net zero carbon emissions by 2070.
Money multiplier measures an estimate of the maximum amount of commercial bank money that can be created
मार्टिर लूथर किंग ने किस देष में अष्वेतों के अधिकारों के ल...
The National Food Security Act (NFSA) was enacted in which year?
The census in India is done after a gap of every
Godrej Agrovet has signed an MoU with three states Assam, Manipur and _________ government for the cultivation of Palm Oil?
Mopin is a significant agricultural festival in which Indian state?
Which one of the following countries recently turned on the world’s largest floating solar farm?
Shovana Narayan is renowned for her expertise in which classical dance form?
What is the Currency of Kuwait?
Identify the correct statement about marginal standing facility.