PNG LNG reaches agreement with PetroChina

ExxonMobil and its PNG LNG Joint Venture (JV) partners, including Oil Search and Santos, have entered into a mid-term LNG sale and purchase agreement (SPA) with PetroChina International.

The agreement is for the supply of approximately 0.45 million t of LNG per annum over a three-year period, with supply to begin this month.

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