PNG LNG in no rush to sign term contracts while it rides spot price wave

摘要

Partners in Papua New Guinea’s sole operational LNG plant are reaping the benefits of higherthan- expected production and strong spot prices, and are relaxed about committing to term contracts. Australia-listed Oil Search, which owns 29% of the 6.9 mtpa PNG LNG plant, said it is biding its time and riding the spot wave, buoyed by sustained above-nameplate capacity output.