Energy firms set deadline for New Guinea gas project

21 August, 2019 12:00 AM printer

SYDNEY: Australian firm Oil Search on Tuesday accused Papua New Guinea of backtracking on a deal to build a new liquefied natural gas project and set an Aug 31 deadline to resolve the dispute.

The firm is working in partnership with France's Total and US-based ExxonMobil on the US$13 billion site that would roughly double Papua New Guinea's exports of the fuel, report agencies.

The deal was signed in April, but since coming to office in May PNG's Prime Minister James Marape has raised concerns that locals will not receive enough benefit from the project.