Oil Search's Botten Says 2017 Results Driven by Record Production

The video discusses the LNG expansion plans of Papua New Guinea Oil Search, highlighting the company's strong financial and operational position due to record production and increased oil and gas prices. The Managing Director, Peter Button, elaborates on the cooperation with Exxon Mobil and Totale for further LNG expansion, including the development of new LNG trains. The video also covers market dynamics, emphasizing strong LNG demand and the need for balanced supply and demand to maintain stable prices. The discussion concludes with insights into the volatile nature of the oil and gas market.

What are the anticipated market trends for LNG prices in the coming years according to the company?

What challenges does the company foresee in the oil and gas market?