Project Company
The project is led by ExxonMobil, who will be also the operator of the plant and sell the project's output on behalf of the owners. ExxonMobil owns 41.6% of participating interest. Other partners of the project are Oil Search Limited (34.1%), Santos Ltd. (17.7%), AGL Energy (3.6%), Nippon Oil (1.8%) and MRDC (a PNG company representing landowner interests - 1.2%). Equities will change when the PNG State nominees join as equity participants at a later date. AGL Energy is considering divesting its stake in the project as its main interest was the gas pipeline to Australia, and not LNG.
Read more about this topic: PNG Gas
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