Papua New Guinea LNG prices soar amid plans for extra 8 million tonnes a year of production
Oil Search, one of the main liquefied natural gas developers in Papua New Guinea, said its average realised LNG and natural gas prices in the first half of 2017 amounted to US$7.67 per million British thermal units compared with US$6.09 per MMBtu in the same period of 2016, a rise of 26 percent, as plans advanced to substantially increase production.
Papua New Guinea LNG at $7.40 per MMBtu as expansion plans set to enter engineering phase
Oil Search, a stakeholder in the Papua New Guinea LNG plant, said the joint venture planning its expansion will start the engineering phase by the end of 2017 as current prices achieved for cargoes averaged US$7.40 per million British thermal units.
Papua New Guinea LNG stakeholder Oil Search posts mixed results from latest test drilling
Oil Search, a stakeholder in the Papua New Guinea LNG plant and the joint venture planning its expansion, has released mixed results from the latest field drilling for additional feed-gas resources onshore the Oceania nation.
Papua New Guinea LNG stakeholder says way forward is for three new Trains at existing plant
Oil Search, the Australia-listed company that lost a takeover battle for the Papua New Guinea LNG asset holder InterOil to ExxonMobil, has explained its preference for three new production Trains centred on the existing liquefaction plant near the capital Port Moresby.
