In­dia to buy more LNG

Maritime Gateway - - Brief News -

In­dia has agreed to buy an ex­tra one mil­lion tonne of LNG from Exxon Mo­bil's Gor­gon project in Aus­tralia in a trade-off for cheaper rates for the orig­i­nally-con­tracted vol­ume. As per the deal, Petronet will take about another mil­lion tonne of LNG at 12.5 per cent of the Brent oil price. The orig­i­nal sup­plies will come for 13.9 per cent of Brent, down from 14.5 per cent ear­lier, and the trans­porta­tion cost would shift on to Exxon from Petronet ear­lier.

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