P'nyang talks continue as government seeks better terms

Negotiations are ongoing in Papua New Guinea on the development agreement that will underpin the ExxonMobil-led P’nyang gas project, writes Russell Searancke.

P'nyang is earmarked as a feedstock source for a new liquefied natural gas train with capacity for 2.7 million tonnes per annum at the existing PNG LNG complex, also operated by ExxonMobil.

The P'nyang joint venture must negotiate a gas agreement with the Papua New Guinea government before it can proceed into the front-end engineering and design phase.