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Policy & Regulation

New PNG government to review Papua LNG deal

Ongoing discord over the distribution of royalties from oil and gas projects in Papua New Guinea has led to a new government that may shake up the regulatory environment Ongoing discord over the distribution of royalties from oil and gas projects in Papua New Guinea has led to a new government that may shake up the regulatory environment.
By Sally Bogle 27 June 2019 Asia Pacific / LNG 0 34343
Port Moresby, capital of Papua New Guinea. (PA)

The key issue: Papua New Guinea’s new petroleum minister, Kerenga Kua, has said his government will review the internal process underpinning the Papua LNG agreement and may rejig wider petroleum legislation. 

Interfax analysis: Papua New Guinea’s new government has signalled that it plans to review the agreement signed with Total for the 5.4 mtpa Papua LNG project and may also change existing oil and gas legislation. The moves could delay the French group’s plans to take an FID in 2020, putting Papua LNG behind...