Revised Gas Agreement Gives Papua New Guinea Chance to Buy More Equity
Translated from English and summarized by DistantNews. Read the original for the full story.
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- Exxon Mobil will sell Papua New Guinea an additional 2.5% equity stake in the Papua LNG project under a revised gas agreement.
- State Negotiating Team chairman Dairi Vele announced the change after the agreement was signed.
Papua New Guinea will have the chance to increase its ownership of the Papua LNG project under a revised gas agreement signed yesterday.
Exxon Mobil will sell the state an additional 2.5% equity stake, according to Dairi Vele, chairman of Papua New Guinea’s State Negotiating Team. The revised agreement gives the government an opportunity to expand its share in the gas project.
About this summary
Originally published by Post-Courier in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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