New deal for Oil Search and PNG LNG

Company News

by Rachael Jones

Oil Search (ASX:OSH) who have a 29 per cent interest in PNG LNG project have seen them enter into a mid-term liquefied natural gas sale and purchase agreement with BP Singapore.

The sale will provide BP with the supply of approximately 0.45 million tonnes of LNG per annum over an initial three-year period.

This will rise to approximately 0.9 million tonnes of LNG per annum over the subsequent two-year period.

This comes after Oil search’s recent deal with PetroChina.

Shares in Oil Search (ASX:OSH) are trading 0.22 per cent higher to $9.07.


Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.