ExxonMobil Ramps Up P’nyang Development, Eyes LNG Domination

ExxonMobil is shifting into high gear with its P’nyang gas field in Papua New Guinea (PNG), fast-tracking the project by “years sooner than previously envisaged”. This acceleration comes as the supermajor doubles down on its ambitious plans to expand its LNG portfolio to 40 million tons annually by 2030. The P’nyang field, holding a staggering 4.4 trillion cubic feet of gas, is key to keeping PNG’s LNG industry humming. With groundwork starting as early as April-June 2025, Exxon is advancing its concept select phase…