ExxonMobil cuts Gorgon supply deal

The Gorgon LNG export jetty.

The Gorgon LNG export jetty.

ExxonMobil has struck a deal with India’s Petronet to lower LNG prices it sells from its stake in the Gorgon LNG Project, offshore Western Australia.

The Australian reports that Indian oil minister Dharmendra Pradhan announced the deal for cheaper LNG, with suggestions that Exxon cut between US$1.10 to US$1.30 per unit off the price.

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