Canadian independent InterOil has delayed final investment decisions for its complex Gulf LNG project in Papua New Guinea.
There were originally three elements to the development owned by InterOil and Pacific LNG: a condensate stripping project with Mitsui, a mid-size onshore liquefaction plant with Australia’s Energy World Corporation, and an FLNG scheme partnered by Flex LNG and Samsung Heavy Industries.
However, the owners suffered a setback late last year when the PNG government voiced dissatisfaction with the “fragmented” shape of the development.
At that time InterOil postponed a sanction decision deadline from December 2011 to the end of March 2012.
Now, however, the company has extended its project agreements and final investment decision commitments with Mitsui and EWC until 30 June and 31 December...
