PNG names new PM amid LNG concerns and financing allegations deemed false by Oil Search
Papua New Guinea has named former Finance Minister James Marape as the nation’s new Prime Minister after a week-long crisis that has raised concerns about the timetable for the Oceania nation’s liquefaction natural gas expansion project.
Papua New Guinea government and firms sign main agreement to clear way for 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.
Papua New Guinea signs preliminary accord at APEC on financial terms for LNG expansion
Major oil and gas companies operating in Papua New Guinea have signed a preliminary agreement with the Oceania nation, currently hosting Asia-Pacific Economic Cooperation meetings in Port Moresby, that opens the way for expansion of LNG production.
Papua New Guinea LNG plans major expansion statement at APEC summit in Port Moresby
Oil Search, one of the main stakeholders in the Papua New Guinea LNG plant, said the finalization of the expansion plan is expected to be announced at this week’s Asia-Pacific Economic Cooperation (APEC) meetings in Port Moresby.
