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:).

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