After several months of what can only be only called bad PR and troubling news coming out of the ExxonMobil-led $19 bn Papua New Guinea (PNG) LNG project, finally some good news has broken . Project partner Oil Search, which holds a 29 percent stake, said the project had agreed to a deal to supply LNG to a unit of British oil giant BP. The agreement will start this month and provide BP with about 450,000 tonnes of LNG per annum over an initial three-year period, then rising to about 900,000 tonnes for the following two years, Oil Search said in a statement without giving any financial details of the deal. “(The move) takes the total contracted volumes from the project to approximately 7.5 million tonnes per annum (mtpa),” Oil Search Managing Director Peter Botten said. The agreement comes a month after Oil Search announced a similar deal with […]