Speaking during CWC's 8th World LNG Series summit in Singapore, Kumul Petroleum Ltd managing director, Wapu Sonk, acknowledged there were anti-competition concerns, since Exxon would have an interest in all major discovered PNG fields once the InterOil takeover closes.
However, he says there would still be two LNG operators.
InterOil shareholders voted in favour of the takeover in New York on Wednesday and the transaction is expected to close by the end of this month.
