Oil Search disappointed in P’nyang delay

Oil and gas producer Oil Search has expressed its disappointment after the Papua New Guinea (PNG) government halted talks with partner ExxonMobil on a potential A$20-billion expansion of liquefied natural gas (LNG) operations in the region.

PNG Prime Minister James Marape said in a statement that ExxonMobin had shown an ‘unwillingness to agree to reasonable terms in line with other international gas projects’, prompting the government to halt negotiations on a gas agreement to underpin the development of the P’nyang gas field.