Small-scale opportunities for LNG in Papua New Guinea (PNG) are still struggling with an opaque regulatory regime, while large-scale projects appear to be the government’s preferred option to develop the country’s plentiful gas reserves. This is despite PNG being well located to deliver small-volume, flexible LNG cargoes to emerging buyers in Southeast Asia.
The PNG government signed a memorandum of understanding (MOU) this week with the Papua LNG consortium, which comprises France’s Total and PNG-based Oil Search. The move is a step forward in the development...
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