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Tag Archives: Papua New Guinea

Exxon Mobil to buy InterOil for $2.5 billion

Exxon Mobil

DALLAS (AP) — Exxon Mobil Corp. emerged Thursday as the winning bidder for InterOil Corp., which has natural gas holdings in Papua New Guinea. Exxon said it will pay $2.5 billion for InterOil in a deal that will complement its large liquefied natural gas facility in the country. Exxon hopes to capitalize on growing demand for cleaner fuels in Asia. ...

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Global LNG supply may not increase as much as planned

JEDDAH — Global supply of liquefied natural gas (LNG) is set to increase significantly from 245m tons per annum (mtpa) in 2014 to 297mtpa in 2017, according to a report from the QNB Group. Three major projects have recently been completed; over 100mtpa of LNG projects are currently under construction; and 600mtpa of projects are under consideration. However, the viability ...

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In Ukraine Crisis Wake: Geopolitics and a case for European LNG import terminals

Jared Anderson | Breaking Energy The global LNG supply options are broadening with new LNG export projects – both under construction and proposed – mushrooming especially in Australia, the US, Canada, Papua New Guinea, Mozambique, Tanzania et cetera. Conceivably, a severe competition in the global LNG market is in the not so distant future. What impact this “golden age of ...

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As gas flows, Exxon’s $19 bln PNG plant still faces risks

BY MATT SIEGEL SYDNEY May 21 (Reuters) – ExxonMobil’s $19 billion liquefiednatural gas (LNG) project in Papua New Guinea, which is shipping its first cargo, is set to dramatically transform one of Asia-Pacific’s most unstable countries, for better or for worse. The LNG venture, which is expected to produce more than 9 trillion cubic feet of gas over 30 years, is the largest ...

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