07-22-2013, 08:45 PM
....."I'm coming onboard to build InterOil into a true LNG player. So it's not my intention that we do a sale without carrying forward any interest in this project," Michael Hession, who was appointed InterOil's chief executive on Thursday, said in a joint interview with InterOil Chairman Gaylen Byker.
Exxon has said it would prefer to use InterOil's gas to support an expansion of its $19 billion Papua New Guinea LNG projects to three production units, also known as trains, from the two that are currently under construction.
However, Mr. Byker said InterOil would like to also consider the potential development of a standalone LNG plant on the country's southern coastline.
"And I think there are real important reasons for the PNG government and the PNG people and the PNG economy to maintain that optionality," Mr. Byker said......
Exxon has said it would prefer to use InterOil's gas to support an expansion of its $19 billion Papua New Guinea LNG projects to three production units, also known as trains, from the two that are currently under construction.
However, Mr. Byker said InterOil would like to also consider the potential development of a standalone LNG plant on the country's southern coastline.
"And I think there are real important reasons for the PNG government and the PNG people and the PNG economy to maintain that optionality," Mr. Byker said......