Oil Search Ltd. (OSH) plans to decide on adding new liquefied natural gas processing plants by the end of 2016, as the Papua New Guinea-focused company outlined plans that may double output by early next decade. Oil Search also will return as much as half of its profit to shareholders in dividends after the start earlier this year of a $19 billion LNG project in Papua New Guinea , the Port Moresby-based company said today in a statement. The Exxon Mobil Corp.-led LNG project will also allow Oil Search to fund expansion, the company said following a review of its strategy. Oil Search said it expects two or three more LNG production units to be built in the country with the development of InterOil Corp. (IOC) ’s Elk and Antelope discoveries. “New LNG development in PNG will be among the most competitive in the region,” Neil Beveridge , a […]