Not new news, but E/A is for 3rd train

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Exxon talks are my priority: Hession

Wednesday, 17 July 2013 RECENTLY appointed InterOil chief executive officer Michael Hession reportedly says negotiations with PNG LNG project operator ExxonMobil are “moving along nicely”. The PNG LNG joint venture's logo “I’m not disturbed in any way, shape or form,” Hession said in an interview with Bloomberg. “I’d emphasise that Exxon and this negotiation are going to be my number one priority.” ExxonMobil remains in exclusive negotiations over acquiring at least a 4.6 trillion cubic feet of natural gas slice of InterOil’s Elk-Antelope discoveries to underpin a third train expansion of the PNG LNG. It’s not yet clear what development path InterOil and the PNG government will pursue with the rest of the field in licence PRL 15 – with GLJ Petroleum Consultant’s best-case estimate given at 9.07Tcf of initial recoverable sales gas. ExxonMobil was selected as the preferred bidder over other supermajors and its 60-day exclusive period of negotiations with InterOil expires next week, providing it is not extended.