Oil major Total confirms Papua New Guinea gas deal, sees finalisation in Q1 [Reuters]
Exxon Mobil Corporation (XOM)
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Source: Reuters
Meridia Real Estate III Socimi SA (YMRE.MC) Key Developments | Reuters.com PARIS, Nov 16 (Reuters) - Total ::* Confirmed previously announced Papua New Guinea gas deal.* Total is the operator of the Elk and Antelope onshore fields and is the largest shareholder in PRL-15 with a 31.1% interest, alongside partners ExxonMobil (28.3%) and Oil Search (17.7%), post the State back-in right of 22.5%. .* The proposed Gas Agreement is expected to be finalized by Q1 2019..* A long-awaited project led by France's Total SA that will help double liquefied natural gas (LNG) exports from Papua New Guinea came another step closer, with the government agreeing to set financial terms early next year..* The LNG expansion, which analysts estimate will cost $13 billion, is crucial to the Pacific island nation's economy as LNG is its biggest export earner, while demand for the fuel is surging in international energy markets. nL4N1XR1TI. Reuters, the news and media division of Thomson Reuters , is the world’
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