LNG

Aug 5 (LNGJ) - The National Petroleum Company Papua New Guinea (NPCP) has signed a cooperation accord with LNG Japan Corp., a joint venture comprising Japanese trading houses Sumitomo Corp. and Sojitz Corp. PNG is host to one LNG export plant operated by ExxonMobil and a second is being planned called Papua LNG and to be operated by French energy company Total. Under the accord between NPCP and LNG Japan the two said they planned to develop the marketing, sale and transportation of LNG through a possible joint venture.