8 convicted Navy veterans set free by Qatar; PM Modi to visit Doha
- Qatar has released eight veterans of the Indian Navy who were sentenced to death on espionage charges.
- Seven of the eight former Indian Navy personnel have now returned to India.
India – Qatar Bilateral Relation
- The two countries have had friendly relations for decades.
- In 2021, India was among the top four export destinations for Qatar;
- It is also among the top three sources of Qatar’s imports.
- India’s total imports from Qatar in FY2022-23 were valued at $16.81 billion, of which LNG imports alone were worth $8.32 billion, or 49.5%.
- Qatar is India’s largest source of liquefied natural gas (LNG).
- India’s exports to Qatar were valued at just $1.97 billion in FY2022-23.
- The major exports include cereals, copper articles, iron and steel articles, vegetables, fruits, spices, and processed food products.
- In January 2024, India and Qatar agreed to prolong their LNG supply agreement, extending it until 2048.
- India's Petronet has secured a monumental deal to continue purchasing 7.5 million tonnes of LNG annually from Qatar starting in 2029.
- This agreement, hailed as the world's largest extension for liquefied natural gas, builds on an original 25-year contract initiated in 1999, with deliveries commencing in 2004.
Prelims Takeaway
- Liquefied Natural Gas (LNG)
- Map based question