BMI View: First gas from Papua New Guinea’s greenfield PNG LNG facility, the country’s first gas export project, is due online in 2014. There continues to movement on other projects and we could soon see decisions regarding an expansion of export capacity beyond the first two trains, which are due online next year. Gas projects will also offer some relief to liquids, and condensate from the PNG LNG project will give oil production a temporary boost. The main trends and developments we highlight for PNG’s oil and gas sector are: ? The most significant development in Papua New Guinea (PNG)’s …
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