InterOil, Pacific LNG sign supply deal with Noble Clean Fuels

InterOil Corp and Pacific LNG Operations have signed a heads of agreement with Noble Clean Fuels for the supply of one million tonnes per annum (mtpa) of liquefied natural gas (LNG) from the Gulf LNG project in Papua New Guinea (PNG).

The purchase and sale of one mtpa of LNG will be carried out over a period of ten years starting in 2014.

The Gulf LNG project includes Elk and Antelope gas fields and Liquid Niugini Gas, the InterOil and Pacific LNG joint-venture project firm, with modular LNG plants contracted with Energy World.
It also consists of a fixed floating LNG facility being developed with Flex LNG and Samsung Heavy Industries.
InterOil and Pacific LNG intend to complete negotiations and execute binding agreements with Noble later this year.

Noble is a subsidiary of Noble Group, that manages the global supply chain of agricultural and energy products, metals and minerals.

Original Article

Posted on August 5, 2011, in Natural Gas, Papua New Guinea and tagged , , , , , , , , , , . Bookmark the permalink. 4 Comments.

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