Big Talk for Small Gains

AFTER months of speculation and delay, the Papua LNG gas agreement with Total has been validated and left virtually unchanged despite threats from the new government that it would be ripped up. Was it all just talk to appease a population who feel they’ve got nothing to show for oil and gas companies’ billion dollar investments and what does it amount to if the P’nyang field development as part of the PNG LNG expansion is still likely to get bogged down?

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What's next for Papua LNG, PNG LNG?

Prime Minister James Marape and his petroleum minister Kerenga Kua have finalised negotiations of the gas agreement with Total, with the core agreement left unchanged.