PNG LNG signs 5-year LNG supply deal with BP

August 17, 2018

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PNG LNG project co-venturers have signed a mid-term LNG SPA with BP Singapore for the supply of LNG commencing in August 2018. The mid-term SPA is for the supply of approximately 0.45 MTPA of LNG for the first three contract years rising to approximately 0.9 MTPA in the final two contract years.

This SPA takes the total contracted volumes from the project to 7.5 MTPA, with 7.0 MTPA of PNG LNG’s annual output already committed under long-term contracts to JERA, Osaka Gas, Sinopec and CPC and the mid-term sale to PetroChina.

Edited from Santos press release.