After a ‘cold’ start, India renews $78 bn Qatar gas deal with $6 bn savings

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India extends its 1999 contract with Qatar for gas shipment, securing more favorable terms and a lower rate, potentially saving $6 billion over 20 years. The renegotiation scraps fixed charges, saving $0.8 per unit of gas. Indian leverage in negotiations reflects its status as a key player in global energy demand.

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