Not great, not terrible: analysts digest PNG LNG news

THE announcement from Papua New Guinea Prime Minister James Marape that he had halted all gas sales talks with ExxonMobil over development of the P’nyang gas field to feed its PNG LNG expansion threw the market and Oil Search watchers into a spin yesterday.

 Not great, not terrible: analysts digest PNG LNG news  Not great, not terrible: analysts digest PNG LNG news  Not great, not terrible: analysts digest PNG LNG news  Not great, not terrible: analysts digest PNG LNG news  Not great, not terrible: analysts digest PNG LNG news

Delays come as glut looms

 
 
Analysts are not entirely pessimistic but concede the move could throw up several hurdles, most obviously pushing out the timeline for first gas to a point when the market will be