ExxonMobil slashes LNG price to India in bad omen for producers

11 September 2017, Melbourne/New Delhi — India has won a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp (XOM.N) in a rare contract renegotiation, a bad sign for producers in a heavily oversupplied global market. In a trade-off for ExxonMobil, India’s Petronet LNG (PLNG.NS) will increase its volumes […] More »