ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

Chinese gas demand spurs new investments in Papua New Guinea

ExxonMobil and Total expected to commit $6bn to increase LNG export capacity

A tanker loads LNG at ExxonMobil's PNG LNG plant off Port Moresby. (Courtesy of Oil Search)

DENPASAR, Indonesia -- Strong growth in gas demand from China is set to trigger a new round of major investment in Papua New Guinea, which urgently needs a financial boost.

ExxonMobil of the U.S. and Total of France, two oil supermajors, along with Oil Search of Australia, are likely to give the go-ahead by next year for more than $6 billion-worth of additional liquefied natural gas export capacity in the resource-rich South Pacific nation.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more