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Petronet set to buy extra 1 million tonnes Australian LNG from Exxon: sources

Reuters  |  NEW DELHI 

(Reuters) - India's 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.

will buy the 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.

Oil minister Dharmendra Pradhan said on Saturday that has been able to renegotiate a contract agreed in 2009 for around 1.5 million tonnes a year of from ExxonMobil's share of the Gorgon project in

did not immediately respond to a request for comment.

(Reporting by Nidhi Verma; Editing by Sanjeev Miglani)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 11 2017. 11:28 IST