Oil Search is more optimistic on Papua New Guinea LNG expansion as cargo sales rise at lower prices
Oil Search, the Australian-listed company based in Papua New Guinea, said that discussions were continuing between PNG LNG plant operator ExxonMobil and the Oceania nation’s government on the LNG expansion project as cargo deliveries increased in the third quarter.
Papua New Guinea LNG flows normally as Oil Search helps indigenous people in PNG and Alaska
Oil Search, the Australian-listed company with a stake in the Papua New LNG export plant and its expansion project, said there had been no disruption of operations during the coronavirus crisis, while it has helped in the fight against the pandemic in PNG and Alaska.
Leading PNG energy executive Peter Botten to step down once LNG expansion goes ahead
Oil Search Managing Director Peter Botten, one of the leading figures in Papua New Guinea oil and gas development over the past 26 years and who had a key role in the nation’s emergence as an LNG exporter, has decided to hand over the company helm to a successor.
Australia’s Santos logs LNG price of $9.09 per MMBtu as three plants export 57 cargoes
Australian Asia-Pacific liquefied natural gas market participant Santos said its average LNG price realized in the second quarter was US$9.09 per million British thermal units as 57 cargoes were shipped from its associated Australian and Papua New Guinea LNG export plants.
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.
Australian LNG stakeholder Santos proposes to meet its portion of forecast global supply gap
Australian LNG stakeholder Santos said it would concentrate on continuing to supply feed-gas to the Darwin LNG plant, operated by partner ConocoPhillips since 2006, as well as developing other Australian natural gas assets and expanding Papua New Guinea LNG output to meet rising Asian demand.
