Gulf LNG partners to move sanction

InterOil and joint venture partner Pacific LNG are in talks to extend the sanction deadline beyond 31 March for the Gulf LNG export project in Papua New Guinea.

Talks are being held with Energy World on construction of land-based liquefaction trains and Japan’s Mitsui for the project’s condensate stripping plant, InterOil chief executive Phil Mulacek told investors this week. Any hold-up will be the second delay since the project missed an end-2011 final investment decision target after PNG officials demanded the partners bring in an established LNG player.

Mulacek