STO News: Exxon, PNG sign deal to clear way for P'nyang gas field - 22nd Feb 2022, 2:22pm

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(Reuters) -Exxon Mobil Corp and its partners signed a deal with the Papua New Guinea (PNG) government, the U.S. energy giant said on Tuesday, paving the way for the development of the P'nyang gas field and ending years of uncertainty over the project.

Gas from the P'nyang field is slated to feed Exxon's liquefied natural gas (LNG) plant in PNG after its existing sources run out.

P'nyang gas field is PNG's third LNG project after PNG LNG and Papua LNG projects, and together, "these three projec...

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