Oil Major Faces Off Against Papua Government

OilPrice.com | Nov 22, 2019 at 12:00 PM
  • Papua New Guinea’s oil minister has accused Exxon of refusing to negotiate a $13-billion LNG project on the country’s government’s terms, Reuters reports, citing the official as saying the terms the Papuan government had offered the companies behind the project complied with international standards.
  • The project in question, the Papua LNG, will be essentially an expansion on the already operating PNG LNG project.
  • The disagreement concerns the development of the P’nyang field, whose operator is Exxon.