Petronet to cut spot LNG cargo purchases

The first cargo from Gorgon was received in January and was cheaper than spot prices.

The second LNG cargo from Gorgon is expected to arrive in March.

The company will receive up to 18 LNG cargos from Gorgon in larger vessels.

Petronet LNG has a long-term contract with Exxon Mobil to buy approximately 1.5 million t of LNG every year.