Oil Search in its fourth quarter report revealed that nearly 80 percent were sold under long-term contract, with the ramp up of contract sales progressing in line with expectations.
They (Oil Search) sold 24 LNG cargoes during the period, 21 under long- term contract and three on the spot market, with four cargoes on the water at year end.
However, they are one shipment less compared to 25 cargoes in the third quarter, due to timing of deliveries.
