India’s Petronet Seeks US LNG Under Renewed Qatar Supply Deal
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India’s Petronet LNG is in talks with Qatar to source some liquefied natural gas (LNG) from the US under a renewed long-term supply agreement starting in 2028, as New Delhi seeks to diversify imports following disruptions caused by the Iran war, Reuters reported on November 3.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- USO United States Oil Fund
United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story.
- INDA iShares MSCI India ETF
iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”).
- QAT iShares MSCI Qatar ETF
iShares MSCI Qatar ETF holds stocks listed in Qatar, which this story is about (“qatar”).
- OXY Occidental Petroleum
Occidental Petroleum (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- LNG Cheniere Energy
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | +6.94% | +1.94% | base | +1.22% | +2.94% | +2.77% | +3.66% |
| XLE | +1.44% | +2.16% | base | -0.83% | -5.58% | -7.74% | -8.36% |
| USO | +4.37% | +7.30% | base | +0.90% | -7.20% | -5.48% | -4.86% |
| BWET | -1.54% | +2.86% | base | -7.81% | -22.25% | -25.97% | — |
| INDA | -3.50% | -2.11% | base | +0.51% | +3.25% | +3.39% | +5.08% |
| QAT | -4.03% | -4.06% | base | +0.00% | +2.86% | +3.39% | — |
| OXY | +3.32% | +3.76% | base | -0.46% | -5.58% | -7.17% | -7.09% |
| LNG | -3.81% | +2.35% | base | -0.14% | -6.29% | -9.55% | -10.77% |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
India’s Petronet Seeks US LNG Under Renewed Qatar Supply Deal Egypt Oil & Gas
Source: Egypt Oil & Gas
Energy
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | -7.81% | final price |
| BWET | the next day | -22.25% | final price |
| BWET | two days later | -25.97% | final price |
| BWET | three days earlier | +2.86% | final price |
| BWET | five days earlier | -1.54% | final price |
| INDA | that day | +0.51% | final price |
| INDA | the next day | +3.25% | final price |
| INDA | two days later | +3.39% | final price |
| INDA | three days later | +5.08% | final price |
| INDA | three days earlier | -2.11% | final price |
| INDA | five days earlier | -3.50% | final price |
| LNG | that day | -0.14% | final price |
| LNG | the next day | -6.29% | final price |
| LNG | two days later | -9.55% | final price |
| LNG | three days later | -10.77% | final price |
| LNG | three days earlier | +2.35% | final price |
| LNG | five days earlier | -3.81% | final price |
| OXY | that day | -0.46% | final price |
| OXY | the next day | -5.58% | final price |
| OXY | two days later | -7.17% | final price |
| OXY | three days later | -7.09% | final price |
| OXY | three days earlier | +3.76% | final price |
| OXY | five days earlier | +3.32% | final price |
| QAT | that day | 0.00% | final price |
| QAT | the next day | +2.86% | final price |
| QAT | two days later | +3.39% | final price |
| QAT | three days earlier | -4.06% | final price |
| QAT | five days earlier | -4.03% | final price |
| UNG | that day | +1.22% | final price |
| UNG | the next day | +2.94% | final price |
| UNG | two days later | +2.77% | final price |
| UNG | three days later | +3.66% | final price |
| UNG | three days earlier | +1.94% | final price |
| UNG | five days earlier | +6.94% | final price |
| USO | that day | +0.90% | final price |
| USO | the next day | -7.20% | final price |
| USO | two days later | -5.48% | final price |
| USO | three days later | -4.86% | final price |
| USO | three days earlier | +7.30% | final price |
| USO | five days earlier | +4.37% | final price |
| XLE | that day | -0.83% | final price |
| XLE | the next day | -5.58% | final price |
| XLE | two days later | -7.74% | final price |
| XLE | three days later | -8.36% | final price |
| XLE | three days earlier | +2.16% | final price |
| XLE | five days earlier | +1.44% | final price |
Trades by members of Congress and officials in the stocks in this story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid the energy case looks
12 out of 100
“India’s Petronet Seeks US LNG Under Renewed Qatar Supply Deal” scores 12 out of 100. The score uses 1 sources.