Oil Search sees Total’s Papua LNG advancing ahead of Exxon’s P’nyang

MELBOURNE/BENGALURU (Reuters) – Oil Search Ltd OSH.AX said on Thursday its stalled plan to expand gas output in Papua New Guinea would now focus on the Papua LNG project, led by Total SA TOTF.PA, in a change of tack following political ructions in Papua New Guinea.

France’s Total had previously pushed to work with Exxon to double liquefied natural gas (LNG) exports from the country through a twinned $13 billion expansion of Exxon’s PNG LNG plant and development of Total’s Papua LNG project.

Oil Search is a partner in both projects, which had insisted they would only go ahead together by adding three new processing units, or trains, at the PNG LNG site.

Progress has been stalled by PNG Prime Minister James Marape’s push for a bigger take for the country from Exxon’s side of the project, development of the P’nyang gas field.


Read More