LNG

Australian energy company Santos has signed up for a stake in the P’nyang natural gas field in Papua New Guinea that will underpin its full participation in the PNG LNG expansion projects and allow the venture to move forward.

ExxonMobil, operator of the Papua New Guinea LNG export plant, confirmed a high-quality discovery in an onshore well, located in the Western Province of the Oceania nation, adding to a rapidly growing inventory of low-cost natural gas to produce more LNG volumes.