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XOM Exxon Mobil Corp

120.30
-0.26 (-0.22%)
Pre Market
Last Updated: 14:11:54
Delayed by 15 minutes
Share Name Share Symbol Market Type
Exxon Mobil Corp NYSE:XOM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.26 -0.22% 120.30 25,333 14:11:54

Total Says Papua LNG Project Agreement to Be Finalized by First Quarter

16/11/2018 8:25am

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Exxon Mobil (NYSE:XOM)
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   By Alberto Delclaux 
 

Total SA (FP.FR), Exxon Mobil Corp. (XOM) and Oil Search Ltd. (OSH.AU) have signed a memorandum of understanding with Papua New Guinea regarding the terms of a liquefied-natural-gas agreement, the French oil major said Friday.

The agreement is expected to be signed by the end of the first quarter of 2019, Total said. The project includes building two LNG trains--liquefaction units--with a capacity of 2.7 million tons per year each at the Exxon Mobil-operated LNG plant in the country.

The three partners have agreed to launch the first phase of the engineering studies, Total said.

 

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

 

(END) Dow Jones Newswires

November 16, 2018 03:10 ET (08:10 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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