LNG

India’s leading gas importer Petronet LNG is open to purchasing more US LNG “at reasonable rates,” CEO AK Singh said during a press briefing in New Delhi. Favourable terms are essential for Petronet to sign new sales and purchase agreements (SPAs) with US LNG exporters, Singh underlined with reference to fierce price-competition from Qatar and Australian suppliers.

ASX-listed Horizon Oil has just finalised the engineering concept on its Western LNG development in Papua New Guinea. The 1.5 mpta project will generate US$20-30 billion in revenues over its lifetime, according to Horizon’s new CEO Michael Sheridan.