LNG (LIQUIFIED NATURAL GAS)

PNG LNG signs up Asian customer

THE ExxonMobil-led PNG LNG project has reached a heads of agreement with an Asian customer for the sale of 2 million tonnes of liquefied natural gas per annum, according to major partner Oil Search.

Oil Search managing director Peter Botten said that while recent world events have had an impact on customers' near-term supply positions, the offtake fundamentals for the 2013-14 timeframe - when the...

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