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April 2 (Reuters) – ExxonMobil's liquefied natural gas project in Papua New Guinea signed an agreement to supply liquefied natural gas (LNG) to a unit of China Petroleum & Chemical Corp. Australian partner Santos, badociated with the project.
The four-year contract concerns the supply of approximately 0.45 million tonnes of LNG per year to Unipec Singapore, Santos, which holds a 13.5% stake in the PNG LNG project. said in a statement.
The deal will bring the total PNG LNG LNG project contract volumes of $ 19 billion to about 7.9 million tonnes per year (mtpa), he added.
"The supply and purchase agreement with Unipec … is the last long-term contract the project is seeking for the SPA LNG," said Peter Botten, managing director of Oil Search, which holds a 29% in PNG. LNG.
The project signed similar LNG supply agreements with PetroChina Co Ltd and a unit of British oil giant BP last year.
Report by Nikhil Subba in Bengaluru; edited by Richard
Pullin
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