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

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - 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.Oil minister Dharmendra Pradhan said on Saturday that Petronet has been able to renegotiate a contract agreed in 2009 for around 1.5 million ...

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