BP Inks Midterm Supply Deal With PNG LNG

摘要

BP has signed a term supply contract with the midsized Papua New Guinea (PNG) LNG project to offtake around 3.15 million tons over five years. Deliveries will start in August, according to project partners Santos and Oil Search. BP will take around 450,000 tons/yr of LNG from the plant in the first three years of the agreement, and around 900,000 tons/yr for the remainder.