EnergyWatch

ExxonMobil resumes LNG talks with Papua New Guinea

The US oil giant continues negotiations with the national government following major disagreements and a two-year hiatus.

Photo: SERGIO MORAES/REUTERS / X90023

After an extended silence, US oil supermajor ExxonMobil and the government of Papua New Guinea now fire up natural gas project P'nyang once again, reports Reuters.

Back in November 2019, negotiations regarding the project were put on hold. The national government held that Exxon wasn't willing to negotiate on the country's conditions, and the two parties thereby came to an impasse in the USD 13bn project.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs