'davidhmtk' pid='74576' datel Wrote:

"ExxonMobil will work with coventurers and the government to evaluate processing of gas from

the Elk-Antelope field by expanding the PNG LNG project. This would take advantage of

synergies offered by expansion of an existing project to realize time and cost reductions that

would benefit the PNG Treasury, the government’s holding in Oil Search, other shareholders

and landowners."

Is Total ok with this?

I think that is the billion dollar question.  As I've argued elsewhere Total would be giving up its foothold in the world's fastest growing hydrocarbon market.  Without a fight? Doesn't make any sense.

'ArtM72' pid='74580' datel Wrote:

'davidhmtk' pid='74576' datel Wrote:

"ExxonMobil will work with coventurers and the government to evaluate processing of gas from

the Elk-Antelope field by expanding the PNG LNG project. This would take advantage of

synergies offered by expansion of an existing project to realize time and cost reductions that

would benefit the PNG Treasury, the government’s holding in Oil Search, other shareholders

and landowners."

Is Total ok with this?

I think that is the billion dollar question.  As I've argued elsewhere Total would be giving up its foothold in the world's fastest growing hydrocarbon market.  Without a fight? Doesn't make any sense.

If Total is counting on the PNG gov't to demand a 2nd plant, note that the current Energy Minister, Ben Micah, joined the Opposition last week for tonight's vote of no confidence in the PNG Parliament.  My read is the gov't survives and Micah is replaced.