For nearly one year, ExxonMobil and its main project partner Oil Search have concentrated on a concept that differs from the PNG Gas Agreement agreed by the government and project joint venturers in June 2002.
ExxonMobil's revised scheme is a lower-cost option that includes expanding some existing processing facilities rather than building new ones as stipulated in the 2002 agreement.
The new scheme also reduces by 60 billion cubic feet the initial annual gas supply needed to make the project fly.
However,
