re-start negotiations with ExxonMobil A State Negotiating Team will be appointed to re-start negotiations with ExxonMobil on the US$11 billion P’nyang gas project, reportedly said Petroleum Minister Kerenga Kua. He also said that the government is committed to close negotiations before the third quarter of the year.
‘The P’nyang gas development will have a huge impact on the monetisation of other smaller standed gas fields in the Western and Gulf provinces and can be aggregated as a stand-alone, used as a backfill for the PNG LNG project together with Juha and Muruk in the Northwest fold-belt as a utilised project of deliver alongside the Papua LNG as initially planned’. (Post-Courier) In brief: Papua New Guinea's BSP approved for ASX listing and other business stories - Business Advantage PNG