Petronet tries to reset oil-linked LNG price

摘要

India’s biggest LNG importer state-owned Petronet is in talks with ExxonMobil to reduce contract prices for supply from the 15.6mn t/yr Gorgon LNG project in Australia, as domestic consumers baulk at paying high prices. Petronet agreed in August 2009 to buy 1.5mn t/yr of LNG on an oil-linked basis from ExxonMobil’s share of the Chevron-led Gorgon project for 20 years, starting in 2015. Imports are likely to cost around $18/mn Btu on a delivered basis at current crude prices, making it India’s most expensive LNG contract.