Like the expiry of PetroChina's preliminary purchase deal with Woodside's Browse LNG, this week's extension to Malaysian state Petronas's option to buy an additional 1 million tons per year from the Santos-led Gladstone LNG coalbed methane (CBM)-based project, also in Australia, may indicate growing Asian buyer resistance to tight oil linkage in long-term contracts (WGI Jan.6,p1).
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