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Project Insights

PNG LNG expansion delayed

Oil Search has confirmed that FEED work on the expansion of Papua New Guinea's LNG plant will not start until the end of the year Oil Search has confirmed that FEED work on the expansion of Papua New Guinea's LNG plant will not start until the end of the year.
By Damon Evans 16 July 2019 Asia Pacific / LNG 0 34397
A tanker docked at the PNG LNG plant. (Santos)

Oil Search confirmed on Tuesday that the start of FEED work on the expansion of Papua New Guinea’s PNG LNG plant has been pushed back from Q2 2019 to the end of the year as fiscal terms need to be defined with the government.

This will delay an FID on the project from sometime in H1 2020 until late 2020 or early 2021. There is a danger of further slippage as the government continues to seek better fiscal terms from resource projects in the country, adding...