Papua LNG project faces renewed push for approval in Papua New Guinea
Global oil and gas companies are pressing to advance the long-delayed Papua LNG project in Papua New Guinea's Gulf Province, with one government minister saying it could be approved by the end of the year. The project would tap the Elk-Antelope gas field and build a 320-kilometre pipeline to move gas to a liquefaction facility. If completed, it is expected to produce more than 5 million tons of LNG a year.The renewed momentum comes after years of delays linked to political upheaval, cost blowouts, design changes, investor uncertainty and disputes with landowners. The field, discovered in 2006, is described as... [Continue Reading]
360LiveNews | 13 Aug 2026 20:32 LONDON
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Strait of Hormuz standoff deepens as Iran says blockade remains in place
Iran says the Strait of Hormuz remains blocked, even as the United States claims it has control of the waterway and mediators try to revive stalled talks. The competing statements came on Wednesday and Thursday amid a sharp drop in shipping through the narrow passage, which links the Gulf to the open ocean. The dispute has turned the strait into the central pressure point in the wider confrontation between Tehran and Washington.Iran's Persian Gulf Strait Authority said claims that the waterway was no longer blocked did not reflect reality, adding that it would not reopen until Iran's conditions were accepted.... [Continue Reading]
360LiveNews | 13 Aug 2026 13:29 LONDON
