ExxonMobil plans to sell Gorgon LNG to India

ExxonMobil Corp said it is talking to Indian customers about selling its share of LNG from the Gorgon project in Western Australian state.

"We see India as an important market for LNG," an ExxonMobil spokesman said. The spokesman would not say whether the company is talking with Petronet LNG, after reports Petronet expects to sign a deal to buy 2.5 million tonnes of Australian LNG a year.

Petronet managing director P Dasgupta said the company may either buy from the Chevron Corp operated Gorgon, or the North West Shelf, which is operated by Woodside Petroleum Ltd. Exxon owns 25 per cent of Gorgon and is yet to commit to selling its 2.5 million tonnes per year share of production.

The other Gorgon partner Royal Dutch/Shell PLC has committed to sell its 25 per cent share of production to North American customers. Chevron has committed some of its 50 per cent share to Japanese buyers and says it is looking to North America to sell the rest.

Source: Oilandgas.com, April 30, 2006
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