A unit of BP signed a three-year supply agreement with Exxon Mobil Corp’s Papua New Guinea LNG project on Friday, following a similar deal by PetroChina International last month. The world's largest buyers of LNG are seeking mid-term, winter season supply contracts in an attempt to avoid increases in prices, which are averaging the highest since 2014 . LNG prices in northeast Asia are averaging at a price of $ 9.50 per million British thermal units, and have caused major LNG buyers such as LNG , LNG and Papua New Guinea LNG 's Jera to find an alternative to the spot market before the region's peak three-year .
The world's largest buyers of LNG are seeking mid-term, winter season supply contracts in an attempt to avoid increases in prices, which are averaging the highest since 2014 . LNG prices in northeast Asia are averaging at a price of $ 9.50 per million British thermal units, and have caused major LNG buyers such as LNG , LNG and Papua New Guinea LNG 's Jera to find an alternative to the spot market before the region's peak three-year .