(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:).
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.