Eneos PNG's acquisition of interest in Papua LNG approved in Papua New Guinea
( December 3, 2025, 01:30 GMT | Official Statement) -- MLex Summary: Japanese-owned Eneos PNG’s proposed internal restructuring with the Eneos Group, involving the acquisition of a 2.3 percent interest in the Papua LNG Project from Eneos Xplora Papua LNG has been cleared by the Papua New Guinea’s mergers regulator. Both Eneos PNG and Eneos Australia are subsidiaries of Eneos Xplora Inc, incorporated in Japan, according to a statement by the Independent Consumer and Competition Commission. In a statement on Wednesday, the watchdog said the deal would involve a “mere transfer” of project interest from one subsidiary company to another within the ENEOS Group, resulting in no effect on the current level of competition in the oil and gas sector in Papua New Guinea.Statement follows:...
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