Profits down but PNG LNG expansion on track: Wulff

OIL Search managing director Dr Kieran Wulff has said production from any PNG LNG expansion will be after 2027 but confirmed talks between operator ExxonMobil and the Papua New Guinea government towards hashing out a gas agreement for the project had restarted after an acrimonious end in January.

Profits down but PNG LNG expansion on track: Wulff Profits down but PNG LNG expansion on track: Wulff Profits down but PNG LNG expansion on track: Wulff Profits down but PNG LNG expansion on track: Wulff Profits down but PNG LNG expansion on track: Wulff

Wullf told an earnings call after half-year results that included steep losses and no dividend for the six months ended June that the pushback of 92 major project final investment decisions globally

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