Exxon's LNG talks with Papua New Guinea stall

ExxonMobil could not see eye to eye with the PNG government over new terms sought for the P'nyang gas project that will back a doubling of the country's 8m tonnes per annum export capacity. The energy major and its partners can still press on with the gas project backing two of the three proposed new trains, but an analyst warns of inevitable delays.

ExxonMobil and its PNG LNG partners may be forced to review the option of dropping P’nyang from the equation, though the inevitable delays from doing so would deal the project a huge blow in light of a tight race shaping up for new LNG developments worldwide.

Source: lloydslist

Published: 03-02-2020