A deal for the Papua LNG project was previously agreed in April, however it was put up for review after the prime minister who signed it was ousted in a parliamentary vote in May, following a political crisis.
There are reportedly still some terms that require additional negotiation, but the review period seems largely to have concluded positively. According to the newly appointed Petroleum Minister, Kerenga Kua, his government supports the project ‘in principle’.
Papua LNG is part of a US$13 billion project set to double the country’s exports of LNG.
