Noble Group to buy 1m tonnes of LNG yearly

The liquefied natural gas will be coming from Papua New Guinea.

According to a Reuters report, the purchase for a period of 10 years starting in 2014 is under a heads of agreement with InterOil Corp and Pacific LNG.

The non-binding heads of agreement sets out the basis on which the three parties intend to conclude terms for the sale.

View the report here.

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