LNG

The Papua New Guinea LNG expansion proposal to more than double current output could proceed with the single Papua Gas Agreement signed with the Government and consist of two new processing Trains instead of three Trains.

Papua New Guinea said it was preparing to start talks with ExxonMobil Corp. and partners in one of two feed-gas projects to negotiate better terms for the government and its holdings in the development of the PNG LNG expansion.

Papua New Guinea and energy companies, including liquefied natural gas plant operator ExxonMobil, have signed a formal Gas Agreement with the government defining the fiscal framework for the Papua expansion project.