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News: STO Oil Search Says PNG LNG Signs Mid-Term Sales Agreement With Petrochina

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    July 20 (Reuters) - Oil Search Ltd (OSH) :

    • PNG LNG SIGNS MID-TERM SALES AGREEMENT WITH PETROCHINA
    • MID-TERM SPA IS FOR A SUPPLY OF APPROXIMATELY 0.45 MILLION TONNES OF LIQUEFIED NATURAL GAS (LNG) PER ANNUM (MTPA) OVER A THREE-YEAR PERIOD
    • ADVISES PNG LNG PROJECT CO-VENTURERS ENTERED MID-TERM LNG SALE & PURCHASE DEAL WITH PETROCHINA INTERNATIONAL (HONG KONG) CORPORATION LTD
    • THIS SPA TAKES TOTAL CONTRACTED VOLUMES FROM PROJECT TO 7.0 MTPA
    • AGREEMENT FOR SUPPLY OF LNG COMMENCING IN JULY 2018
    • DEAL FIRST MID-TERM SALE TO BE FINALISED FOR SUPPLY OF UP TO 1.3 MLN TONNES PER ANNUM (AGGREGATE) FROM PNG LNG FOR PERIOD OF UP TO 5 YEARS
 
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