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India signs long-term LNG purchase agreement with ExxonMobil Indian liquefied natural gas (LNG) importer Petronet LNG said in a statement that it currently has a revised long-term LNG purchase agreement
of 1.
44 million mt with ExxonMobil's Australian unit.
The new agreement will link
the pricing of Australia's Gauguin LNG to current oil prices.
Petronet LNG will purchase an additional 1.
2 million tons of LNG
from ExxonMobil each year for the next 15 years.