India’s Petronet LNG has agreed to buy an additional one million tonnes of liquefied natural gas (LNG) from ExxonMobil’s share of the Gorgon project in Australia. two sources said on Monday. after the global giant eased the terms of a previous deal.
Petronet will buy the LNG on delivered basis with a price equivalent to about 12.5 percent of Brent oil prices. the sources said. The deal for additional volumes is yet to be signed.
Indian Oil minister Dharmendra Pradhan said on Saturday that Petronet has been able to renegotiate a contract agreed in 2009 for around 1.5 million tonnes a year of LNG from ExxonMobil’s share of the Gorgon LNG project in Australia.
Tags Asia Australia Dharmendra Pradhan Exxon Mobil Corporation India International International Companies International News Agency LNG Minister Natural Gas Oceania Oil Minister Oil Price Petronet LNG Reuters International News Agency
Check Also
Brazil’s Petrobras Plans up to $55 Billion in Dividends by 2029
Petrobras plans to pay ordinary dividends totaling $45 billion-$55 billion by 2029, with room for …