ExxonMobil managing director

Fiscal certainty, negotiations key to LNG expansion

ExxonMobil managing director, Andrew Barry, said both these areas were crucial as the joint venture partners head in to Front End Engineering Design (FEED).

Barry said this during the 2nd Petroleum and Energy Summit in Port Moresby.

Also critical are the various commercial and project discussions and agreements that need to be made before a final investment decision is made.

Experts to assess damages in Hides

ExxonMobil managing director, Andrew Barry, said they have begun flying in experts to carry out the assessment.

Since Monday the company has shut down its Hides gas conditioning plant, the two LNG trains in Port Moresby, and evacuated non-essential staff at those facilities.

He said the facilities were shut down without any problems.