Feb 3rd, 2020. The Government of Papua New Guinea has halted negotiations with ExxonMobil over a gas agreement for the proposed P’nyang gas field development in the country’s Western Highlands.
The P`nyang agreement is one of two agreements Exxon and its partners need to advance their $13 billion plan to expand LNG exports. The other agreement , the Papua LNG Pact, was sealed by Total in September. Discussions on the P`nyang gas deal continue despite the current low level of oil prices.
1/31/2020 · STATEMENT ON THE P’NYANG GAS AGREEMENT NEGOTATIONS. 31 January 2020. 31st January 2020. I am very disappointed to announce that, because of Exxon Mobil’s unwillingness to agree to reasonable terms in line with other international gas projects, the State’s Negotiating Team (SNT) has been unable to agree with Exxon Mobil on a Gas Agreement to …
Two sets of fiscal terms were required to proceed with FEED on the expansion project. A set of terms for the Papua LNG project which was agreed upon in 2019. The P’nyang Gas Agreement is the second set of terms for the P’nyang Area where negotiations have stalled. We think the P’nyang Joint Venture and the PNG Government have …
Toksave – PNG regulatory update, Kua: Papua LNG, P’nyang will develop as separate projects …
Toksave – PNG regulatory update, Kua: Papua LNG, P’nyang will develop as separate projects …
1/31/2020 · After several months of dedication and good faith engagement by the SNT, Exxon Mobil’s offer had barely changed from its opening offer presented last November and is not substantially different from the Papua LNG Gas Agreement . That is unacceptable. The gas belongs to PNG’s people. We are willing to allow international oil companies to develop the field and achieve decent returns by exporting most of the gas.
A series of negotiations regarding the terms of the P’nyang Gas Agreement have taken place over the last seven months, leading to the Prime Minister’s statement last Friday night. It is unfortunate that, at this time, the stakeholders in P’nyang cannot agree on the appropriate balance of.
ExxonMobil’s PNG LNG expansion project risks being delayed several years after the government of Papua New Guinea rejected the US major’s proposed terms for the P’nyang field development …
In its 2020 first-quarter report released on Tuesday, Oil Search noted that an agreement was needed before the LNG expansion could move into the front end engineering phase. “Formal negotiations between ExxonMobil, on behalf of the P’nyang co-venturers and the PNG Government on the P’nyang gas agreement were suspended in late January,” the report said.
2/10/2021 · February 10, 2021 The National National. PETROLEUM Minister Kerenga Kua says the Papua LNG project and P’nyang gas project will be developed as separate projects. He made the comments following the signing of the fiscal stability agreement for the Papua LNG project yesterday in Port Moresby. “The Papua LNG project agreement was signed in April 2019.
