Papua New Guinea resumes talks with Exxon on gas deal

Papua New Guinea has been pressing for better returns for the impoverished country than it obtained in the original PNG LNG agreement in 2008.

MELBOURNE: The Papua New Guinea government and United States oil major Exxon Mobil Corp plan to resume talks on the P’nyang natural gas project, nearly two years after their negotiations halted, Exxon confirmed yesterday.

In November 2019, talks tied to a US$13bil (RM54.98bil) expansion of the country’s liquefied natural gas (LNG) exports fell apart with the government saying Exxon was unwilling to negotiate on the country’s terms.