LNG

PNG LNG faces flak over royalties ahead of expansion

PNG LNG is set for a $12 billion expansion, but a scathing report on its economic benefits could see the state make changes to its fiscal terms PNG LNG is set for a $12 billion expansion, but a scathing report on its economic benefits could see the state make changes to its fiscal terms.
By Sally Bogle 8 May 2018 0 30741
The Hides gas plant in Papua New Guinea. (Oil Search)

The risks of doing business in Papua New Guinea (PNG) have been thrown into sharp relief following publication of a report by anti-poverty research group Jubilee Australia. The report alleged that the local economy has failed to benefit from the ExxonMobil-led $19 billion LNG export project. 

The 7.9 mtpa PNG LNG project is one of the world’s most cost-competitive LNG export facilities. A joint venture of Exxon, Santos, Oil Search and others has been operating it since 2014. 

PNG LNG is set for a...