Exxon Drills Duster But Exports Still Set To Rise

摘要

BMI View: Exxon's well at the Trapia prospect in Papua New Guinea may have come up dry, but we believe the country's gas prospects are strong enough to support additional LNG capacity, beyond the existing two-train development. However, we highlight that crucial to the economics of the project will be securing custom- ers and moving forward with projects before new suppliers enter the Asian LNG market.