Oil and gas producer Oil Search on Tuesday told shareholders that it would work with its project partners on the Papua New Guinea liquefied natural gas (PNG LNG) project to re-engage the PNG government to lock down the P’nyang gas agreement.
The PNG government at the end of January suspended talks with the project partners around the P’nyang gas agreement, with Prime Minister James Marape saying that producer ExxonMobil had shown an "unwillingness to agree to reasonable terms in line with other international gas projects".
The cessation of talks placed a damper on the PNG LNG partner’s plans for a A$20-billion expansion of the LNG operation.