Papua New Guinea's government says it had to reject a major gas deal because energy giant ExxonMobil was unwilling to offer fair terms.
On Friday, a PNG state team concluded months of negotiations with Exxon regarding the fledgling $US13 million P'nyang gas project in Western Province.
The Minister for Petroleum & Energy, Kerenga Kua, told Johnny Blades that the "state take" proposed by Exxon was significantly less than for comparable projects in countries in neighbouring Southeast Asia.
An ExxonMobil LNG Project plant near Port Moresby, Papua New Guinea. Photo: RNZ / Johnny Blades
