Petronet LNG has signed an agreement for purchase of 1.44 MTPA of LNG from Mobil Australia Resources Company (LNG Supplier), an affiliate of ExxonMobil Company, for a period of 20 years, from Gorgon project.

The company has been under active discussions with the LNG Supplier regarding certain commercial aspects under its agreement. The discussions continue in good faith and the parties have reached a broad understanding of terms.

Total volume of shares traded on the bourses today was higher by 17.71% to 5,543,095 compared with 22-day average volume of 4,709,234.

Shares of the company gained Rs 12.4, or 5.53%, to trade at Rs 236.50. The total volume of shares traded was 343,580 at the BSE (12.59 p.m., Monday).