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Save Nominee Agreement in PNG

Save Nominee Agreement in PNG

Aug 6th, 2022

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How to Save Nominee Agreement in PNG

4.8 out of 5

8 votes

Papua New Guinea is set to capitalize on a significant natural gas reserve, with ExxonMobil as the primary operator of its liquefied natural gas (LNG) consortium. Over $19 billion has been invested in the project, which involves gas extraction, transportation, and liquefaction at the Port Moresby LNG plant. The country's GDP is expected to double with an annual output of nearly 7 million tons of LNG. The gas field, located in the challenging Highlands at elevations of 2,800 meters, requires a 300-kilometer pipeline to connect to the LNG plant in the Gulf of Papua. This route faces extreme topographic, geological, and climatic challenges, but the operation has been accepted as a remarkable feat of engineering.

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