Papua New Guinea Clears Total-Led Papua LNG Project

Date : 09/03/2019 @ 8:50AM
Source : Dow Jones News
Stock : Oil Search Limited (OSH)
Quote : 7.21  -0.13 (-1.77%) @ 7:49AM
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Papua New Guinea Clears Total-Led Papua LNG Project

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By Robb M. Stewart

 

MELBOURNE, Australia--Papua New Guinea has cleared the way for Total SA (TOT) and its partners to push ahead with a proposed multibillion-dollar gas-export project, after securing concessions aimed at increasing future benefits for the country.

"The government has now cleared Total to proceed full steam ahead with the implementation of the Papua gas project," Petroleum Minister Kerenga Kua said in a statement Tuesday.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

September 03, 2019 04:35 ET (08:35 GMT)

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