Papua New Guinea LNG project to supply Sinopec unit
The ExxonMobil operated Papua New Guinea LNG project has agreed a deal to supply liquified natural gas (LNG) to a unit of China Petroleum & Chemical Corp , Australia's Santos, a partner in the project, said.
The four-year deal is for the supply of about 0.45 million tonnes of LNG a year to Unipec Singapore, Santos, which holds a 13.5 percent stake in the PNG LNG project, said in a statement.
The deal will take the $19 billion PNG LNG project's total contracted LNG volumes to about 7.9 million tonnes per annum (mtpa), it said.
"The supply and purchase agreement (SPA) with Unipec ... is the final mid-term LNG SPA that the project has been seeking to secure," said Peter Botten, managing director at Oil Search , which has a 29 percent interest in PNG LNG.
The project signed similar LNG supply deals with PetroChina Co Ltd and a unit of British oil giant BP last year.
(Reporting by Nikhil Subba in Bengaluru; editing by Richard Pullin)
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years
Comments