Total Says Papua LNG Project Agreement to Be Finalized by First Quarter
November 16 2018 - 3:25AM
Dow Jones News
By Alberto Delclaux
Total SA (FP.FR), Exxon Mobil Corp. (XOM) and Oil Search Ltd.
(OSH.AU) have signed a memorandum of understanding with Papua New
Guinea regarding the terms of a liquefied-natural-gas agreement,
the French oil major said Friday.
The agreement is expected to be signed by the end of the first
quarter of 2019, Total said. The project includes building two LNG
trains--liquefaction units--with a capacity of 2.7 million tons per
year each at the Exxon Mobil-operated LNG plant in the country.
The three partners have agreed to launch the first phase of the
engineering studies, Total said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
November 16, 2018 03:10 ET (08:10 GMT)
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