PNG: Exxon Mobil gas project most likely to succeed- JP Morgan
Updated
The Exxon-Mobil Oil Search joint venture plan for a liquified natural gas development in Papua New Guinea has the best chance of all the gas projects under development in the Australiasian region of being delivered on time, according to the international investment Bank, JP Morgan. With international demand for gas growing at break-neck speed, resources companies are working around the clock to get their projects up. A report by JP Morgan analysts says the huge Exxon-Mobil PNG project has the fewest barriers to success. Exxon Mobil's Senior Manager in Papua New Guinea, Gary Moroney, says while the project has not yet got the green light he is cautiously optimisitic about its future.
Presenter: Jemima Garrett
Speakers: Gary Moroney, Exxon Mobile, PNG
