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osaka gas secures 20 year lng supply

  1. 6,439 Posts.
    22 December 2009

    PNG LNG Project signs LNG Sale and Purchase Agreement with Osaka Gas

    Santos today announced that the PNG LNG Project participants have finalised a binding Sale and
    Purchase Agreement with Osaka Gas for the long-term sale and purchase of liquefied natural gas
    (LNG) totaling approximately 1.5 million tonnes per annum.
    Under the agreement, the PNG LNG Project will supply LNG to Osaka Gas for a period of 20 years.

    A copy of the PNG LNG Projects operators news release is attached to this release.

    About PNG LNG
    The PNG LNG Project is an integrated development that includes gas production and processing facilities,
    onshore and offshore pipelines and LNG plant facilities with a capacity of 6.6 million tonnes per annum. Santos
    has a 13.5% interest in PNG LNG. Other participants are entities of ExxonMobil (33.2% and operator), Oil
    Search (29%), Independent Public Business Corporation (PNG Government, 16.6%), Nippon Oil Exploration
    (4.7%), Mineral Resources Development Company (PNG landowners, 2.8%) and Petromin PNG Holdings
    Limited (0.2%).
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