The proposed US$15 billion PNG LNG liquefied natural gas project in Papua New Guinea has finalized a gas sales agreement with Japan's Osaka Gas Co. Ltd. (9532.TO), project operator Exxon Mobil (XOM) said Tuesday.

The agreement is for the supply of approximately 1.5 million metric tons of LNG a year from the project for 20 years, Exxon Mobil said in a statement.

-By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957; ross.kelly@dowjones.com
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