NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Australia's Oil Search says Papua New Guinea decision on Total LNG deal expected on Tuesday

Published 03/09/2019, 10:34 am
Updated 03/09/2019, 10:40 am
© Reuters.  Australia's Oil Search says Papua New Guinea decision on Total LNG deal expected on Tuesday
TTEF
-
OSH
-
XOM
-

Sept 3 (Reuters) - Australia's Oil Search OSH.AX said Papua New Guinea will likely make a decision on the Papua LNG deal with French oil major Total SA TOTF.PA later on Tuesday, ending months of uncertainty for the project that would double gas exports from the Pacific nation.

The future of the gas deal came into doubt after Prime Minister James Marape came to power in May, with his government promising to reap more benefits for the impoverished nation from its huge oil, gas and mineral resources. Search said in a statement it understood that PNG's cabinet met on Monday to finalise the review of the Papua LNG project, which is a joint venture between Total, Oil Search and Exxon Mobil Corp (NYSE:XOM) XOM.N .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.