Papua New Guinea flags talks with Exxon on $13 billion gas expansion hit impasse
Share:
MELBOURNE (Reuters) - Papua New Guinea's petroleum minister flagged on Friday that talks with Exxon Mobil Corp tied to a $13 billion gas expansion had reached an impasse as the U.S. oil giant was unwilling to negotiate on the country's terms.The state's negotiating team had set out draft terms for negotiations on developing the P'nyang gas field, which Petroleum Minister Kerenga Kua said were in line with international standards and would ensure a "fair deal" for PNG."It is disappointing Exxon..