This decision is regrettable but clearly reflects the significant cost pressures which have been impacting the project.
The PNG Gas Project participants are now considering the implications of the AGL decision on the overall project.
ExxonMobil is committed to pursuing the appropriate development and commercialization of PNG's significant gas resources.
The PNG Gas Project participants are ExxonMobil (39.4% - Esso Highlands Limited as project operator), Oil Search (44.2%), AGL (10.0%), MRDC (3% - a PNG company representing landowner interests) and Nippon Oil Exploration Limited (3.4%).
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