Liquefied Natural Gas (LNG)

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Oil Search Nixes Price Impact on LNG Contract Arbitration for PNG Project

Current weak prices for spot liquified natural gas (LNG) will have no impact on arbitration over a long-term sales and purchase (SPA) contract between Osaka Gas, one of Japan’s largest gas utilities, and the ExxonMobil-led $19 billion Papua New Guinea (PNG) project, Oil Search Ltd.’s Ian Munro, executive vice president for gas marketing, said on Tuesday. Read More