Petronet LNG inks pact for purchase of 1.44 MTPA of LNG

Petronet LNG has signed an agreement for purchase of 1.44 MTPA of LNG from Mobil Australia Resources Company (LNG Supplier), an affiliate of ExxonMobil Company, for a period of 20 years, from Gorgon project.

The company has been under active discussions with the LNG Supplier regarding certain commercial aspects under its agreement. The discussions continue in good faith and the parties have reached a broad understanding of terms.

Petronet LNG is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG). The company operates through the segment of natural gas business.