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Q2 profit significantly above market average expectation mainly thanks to hefty deferred tax gain recorded by oil refiner.
Japanese utilities are becoming more aggressive in their price reviews for long-term LNG contracts and seeking to buy more LNG on the spot market.
Papua New Guinea (PNG) Petroleum Minister Kerenga Kua has said the government will stand behind the natural gas agreement it signed in April, paving the way for the development of the Papua LNG project.