Papua New Guinea has introduced a freeze on new gas developments while it pushes through reforms to its national gas policy, a move that could affect how swiftly ExxonMobil and Total can expand their LNG facilities to meet an anticipated upswing in demand in Asia in the middle of the next decade.
Announced by Petroleum Minister Fabian Pok last week, the white paper proposes a number of policy changes designed to “support PNG’s ongoing economic development”, Pok said.
“As our country transitions to these new policy settings,...
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