The agreement will enable KPHL to enter the active LNG market and trade LNG cargoes in to LNG market spots.
KPHL Managing Director, Wapu Sonk, and LNG Japan Limited President and CEO, Norikazu Onishi, both signed the agreement today in Port Moresby, in a separate ceremony from the Inaugural Petroleum and Energy Summit.
Sonk said the agreement allows both companies to begin work on a joint venture partnership and take advantage of spot markets.
