Sept 26 (LNGJ) - Papua New Guinea said at the annual LNG Producer-Consumer Conference in Tokyo that the nation was hoping for a good deal from ExxonMobil for the P’nyang Gas Agreement, one of the two feed-gas ventures that will underpin the PNG LNG expansion to take output to almost 20 million tonnes per annum from around 9 MTPA currently.
A consortium led by French major Total and called Papua LNG, holders of the Elk-Antelope gas field licence, have already agreed to improved terms for the government. The P’nyang field licence, controlled by PNG LNG plant opertor ExxonMobil, also includes Australian-listed companies Oil Search and Santos and has yet to agree terms. PNG Petroleum Minister Kerenga Kua said in Tokyo that formal talks on the P’nyang Gas Agreement have yet to begin and the government was waiting for Exxon to put forward firm proposals for the $13 billion expansion.
