TotalEnergies to lower stake in Papua LNG

The Manila Times 16 h Philippines

TOTALENERGIES will sell a 9.1-percent stake in the Papua LNG joint venture to its partners and hand the project’s operatorship to ExxonMobil, the French energy major said on Monday. The company, which co-owns the project with Exxon, Santos, Kumul Petroleum/MRDC and ENEOS Xplora, said it would sell shares to its partners in proportion to their existing interests while retaining a 20-percent s

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