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Is Exxon Mobil deal to cut India LNG prices that bad?

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LAUNCESTON, Australia — Exxon Mobil’s deal to cut the price of liquefied natural gas (LNG) supplied under long-term contract to an Indian buyer has largely been viewed as a bad outcome for producers of the super-chilled fuel.

Certainly the trade made by Exxon to supply more LNG to Petronet LNG, but at a lower price, does seem to favor the Indian utility.

Exxon will increase the volume supplied from its share of the Chevron-led Gorgon project in Western Australia by 1 million tons a year to about 2.5 million tons, but at a lower........

© The Japan News