India’s Top LNG Buyer Sees New Deals to Bridge Qatar Supply Gap

Petronet LNG Ltd. is counting on new long-term deals and spot purchases of liquefied natural gas to cushion disruptions caused by the Middle East conflict, as flows from its top exporter, QatarEnergy, have been hit.

India’s largest LNG importer received the first cargo in April following a fresh pact with Exxon Mobil Corp., helping it replace some lost volumes, Vivek Mittal, Petronet’s group general manager, said at an analyst call on Tuesday.