Exxon says: This investment would extend our gas pipeline infrastructure into the country’s Western Province.
In the Western Province there are more opportunities the extended pipeline opens up. There. are a number of uncommercialisegd world class gas assets such as the Stanley gas field that will now be much closer to the PNG LNG (extended) pipeline. At least one more gas train, probably two, could be tapped with no exploration needed if the JV partners could do a deal. That would make three additional gas trains. That would also make the PNG cabinet very happy as they long agitated for Western Province stranded gas assets to be commercialised.
OSH Price at posting:
$7.59 Sentiment: Sell Disclosure: Held