The Biggest Gas Deal Ever Between India and Australia

The first long-term gas contract between India and Australia has recently has been signed (on August 10, 2009). The parties are India’s Petronet LNG and Australia’s ExxonMobil. The deal is worth $ 20.5 billion.

ExxonMobil will sell around 1.5 million tonnes of liquefied natural gas (LNG) annually to Petronet LNG for 20 years from its Gorgon project.
What is Gorgon project ?
Gorgon project is in western Australia, which have 40 trillion cubic feet of natural gas reserves. The project is basically a joint venture Between Chevron (50 percent), ExxonMobil (25 percent) and Shell (25 percent).


3 Comments

  1. Anonymous

    August 23, 2009 at 10:43 pm

    thanx

  2. SOURAVS

    August 23, 2009 at 11:56 pm

    nice one..

  3. Anonymous

    January 7, 2010 at 2:37 am

    nice

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