×
×
Policy & Regulation

PNG seeks more benefits from LNG

New legislation looks set to force IOCs in Papua New Guinea to provide improved benefits from LNG projects in the country New legislation looks set to force IOCs in Papua New Guinea to provide improved benefits from LNG projects in the country.
By Damon Evans 24 January 2019 Asia Pacific / LNG 0 33864
A tanker being loaded at PNG LNG. (Santos)

The key issue: The government of Papua New Guinea is pushing investors for tighter fiscal terms following disappointing revenues from its first LNG export project.

Interfax analysis: IOCs are expected to bow to pressure from the government of Papua New Guinea to introduce tighter fiscal terms for two LNG projects that will more than double the country’s export capacity to 15 mtpa. 

Operators Total and ExxonMobil are working hard to appease the government so they can reach FIDs on their schemes at the end of 2019...