Papua New Guinea sends team to Singapore to renegotiate Total LNG deal By Reuters


(Reuters) – Papua New Guinea has dispatched a team to Singapore to renegotiate its Papua LNG agreement with French oil major Total SA (PA:), the country’s petroleum minister said on Thursday.

The state negotiating team, which includes Petroleum Minister Kerenga Kua, left on Thursday for Singapore and will return early next week with a report, a statement by the minister’s officer said.

The Papua LNG project is a joint venture between Total, Exxon Mobil Corp (N:) and Australia’s Oil Search Ltd (AX:).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.