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

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